[July 25] 30-second Gold non-discretionary scalping trade result
Details of 30-second GOLD discretionary-free scalping here
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This is the trade from July 25th.
21:30
U.S. Durable Goods Report (preliminary) June [MoM]
21:30
U.S. Durable Goods Report (preliminary) June [Meets excluding transportation, MoM]
and so on indicators are in store.
Trades based on those.
The 24th showed a continuing decline.
Even in the NY market, it fell sharply, breaking the recent lows and turning into a clear downtrend.
The Tokyo market the following day showed no signs of rising, with highs being held down.
It continued to fall further in the London market as well.
Declines continued in the NY market as well.
However, perhaps due to the sharp drop early on, it looks somewhat stalled.
The forming triangle consolidation does not push the lows down that much.
Again, sell entries align more with the longer term, so it moved a lot.
Nevertheless, buying pressure gradually appeared, and there were noticeable unnecessary buy entries as well.
In hindsight, there was thick support around this area, but for now the day ended with a positive result.
The week was quite challenging, but not a huge loss, so considering the month overall, there isn’t a significant impact, so let’s shift focus to next week.
Great job this week as well.
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