[May 15] 30-Second Gold No-Discretion Scalping Trade Result
Details of 30-second GOLD non-discretionary scalping here
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May 15 trade.
21:30
United States Producer Price Index (PPI) Apr [YoY]
21:30
United States Producer Price Index (PPI) Apr [Core, Excluding Food & Energy, MoM]
21:30
United States Producer Price Index (PPI) Apr [Core, Excluding Food & Energy, YoY]
21:30
United States New York Fed Manufacturing Index May
21:30
United States Retail Sales Apr [MoM]
etc.,
22:15
United States Industrial Production Index Apr [MoM]
and so on are in store.
The range of movement isn’t very large, but several highly important indicators are coming up, so caution is needed when trading.
Trading should take those into account.
On the May 14 NY market, prices fell below the previous low, increasing selling pressure.
In the short term, a downtrend, but viewed on a longer timeframe, there may be temporary pullback selling opportunities, so vigilance is required.
After crossing into another day, the Tokyo market and London market continued to fall.
However, from the London market to the NY market, it reversed and rose.
We enter monitoring time as there was a rise of over 500 pips.
When such sharp rises or falls occur in advance, subsequent movement tends to stall, not an ideal development.
Again, a false breakout initially, then a range has formed.
Subsequently it rose again but entered a range and moved unstably; the day ended with a small loss.
Even though the movement is unstable, since there is no discretion, continue to enter according to the rules without worry.
Gold once declined again; will it surge again or enter a corrective range? The trend remains in focus.
Continue to enter according to the rules with no discretion.
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