[October 29] 30-second Gold No-Discretion Scalp Trades Result

Trading on October 29.

23:00
U.S. Existing Home Sales for September [MoM]

23:00
U.S. Existing Home Sales for September [YoY]

23:30
U.S. Weekly Crude Oil Stocks for 10/18 - 10/24 [Crude oil stocks, WoW]

23:30
U.S. Weekly Crude Oil Stocks for 10/18 - 10/24 [Gasoline stocks, WoW]

23:30
U.S. Weekly Crude Oil Stocks for 10/18 - 10/24 [Distillates stocks, WoW]

etc. indicators ahead.

The fluctuation ranges and importance are not very large, but they cluster in the same time window, so keep an eye on them just in case.

Trades are made with those in mind.

GOLD fell sharply, but rose in the NY market.

Whether this rise signals a trend reversal or just enters a corrective range is the key.

From the Tokyo market on the 29th, it rose, and in the London market it rose further.

However, it has not broken the previous high on the 28th, indicating selling pressure remains strong.

At this resistance, it will enter the NY market after stalling around the resistance.

It’s the time around the resistance where prices are oscillating, and it’s trading in a broad stalemate.

Neither side is breaking out decisively, forming a tight range, and there have been many fake-outs.

Fortunately, there hasn’t been the same volatility as before, so exits can be made early; although win rate is not high, there isn’t much damage.

The accumulation of pips in the first half of this week is being utilized here.

Nevertheless, whether it will continue to fall significantly from here or enter a long-term corrective range is uncertain, and with the monthly bar about to change, be mindful and continue to enter it dispassionately without discretion.

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