GOLD possible scalping opportunities

I don't think much will be happening between 1300 and 1325. Even when we see a break of 1300 we will have to wait and see if there will be follow-through, given the extensive amount of EMA's supporting between 1300 and 1270. Nevertheless, could offer some profitable scalping.

تعليق:

Well. What we definitely didn't see was scalping opportunities. Recent news increased USD demand, resulting in a dovish signal for the XAUUSD pair. Currently, Gold is consolidating above the 100 Day EMA. The overall trend line is still bullish. I see no reason it will dive below 1285-1275. As such, buying dips is a great opportunity for the long term.

Of course, it's best to await some of the news (as you can see on the chart). Never trade according to the news!

تعليق:

This is why we wait for the news. It had a major impact on the XAUUSD pair. That is why it is best to never trade the news as, sometimes, it just increases volatility too much.