[October 27] 30-second Gold no-discretion scalping trade result

This is the trade from October 27.

U.S. Durable Goods Orders (Preliminary) for September [MoM]

U.S. Durable Goods Orders (Preliminary) for September [Core Excluding Transportation, MoM]

and other indicators are in the queue.

The volatility and importance are high, but since the timing is undecided, caution is required.

Trades are made with these in mind.

The long-standing uptrend has broken, large drop occurred, and a real movement appeared last week in GOLD.

Since then, a period of consolidation in a range with little movement was interspersed, with no movement on the 23rd and 24th.

Then the week begins again on the 27th, but there is no particularly large move.

However, the price is gradually making lower highs, indicating strong selling pressure from above.

In the London market, price movement becomes even quieter, forming a triangle consolidation, waiting to break either way as it moves into the NY market.

Breaks sharply to the downside and falls rapidly

However, it does not plunge all at once; it traces a certain zigzag, resulting in a high number of entries.

Volatility remains high, take-profit and stop-loss ranges are large, but correspondingly returns are also large.

A drop approaching nearly 100 pips in an instant, when viewed as a retracement of the previous rise, shows how strong the momentum is.

As a result, there were substantial profits, but it did not move enough to noticeably break new lows, and selling entry on a drop is risky.

While paying attention to future movements, continue to enter without discretion in a calm, methodical manner.

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