GOLD SHORT SCALP SIGNAL 15 MINHello friends,
I have previously announced the long-term analysis of the global gold market in higher time frames. I recommend that if you haven't seen that chart, be sure to take a look.
However, in this time frame, we can take short-term trading opportunities with a scalping approach and risk for logical rewards. I have identified two positions for you.
It is worth mentioning that these positions do not contradict the long-term analysis.
Also, please note that this trade carries a high level of risk, and capital management should be carefully considered.
Wherever you are, be happy and profitable.
Goldscaping
Buy position in EURAUD The EURAUD pair is now approaching a local support zone on the 4HR time frame and we are expecting it bounce back up. In addition to that, the 1-5 Elliot wave structure shows that the pair is at its fifth up-trending wave. As it is apparent from the targets, we are expecting the pair to breakout of the descending channel and towards the goals. Take this trade if you believe in this analysis