[July 28] 30-second Gold No-Discretion Scalping Trade Result

This is the trade on July 28.

21:30
US Wholesale Inventories (Preliminary) June [MoM]

22:00
US Core CPI Housing Price Index May [MoM]

--- -0.4% -0.3% ---
22:00
US S&P Case-Shiller Home Price Indices (20 Cities) May [YoY]

23:00
US JOLTS Job Openings June

23:00
US Conference Board Consumer Confidence Index July

and other indicators are in store.

It's Monday, but given it’s the end of the month, caution is needed.

Trading is based on these considerations.

GOLD has been in a strong downtrend since last week.

It has already dropped nearly 800 pips.

In the Tokyo market on the 28th, it hit new lows again, and the downtrend continues.

There was a brief rise in the London market as well, but momentum was lacking, and highs were capped, viewed as a temporary pullback in the downtrend.

It then moved into the NY market.

Due to the indicators, the decline continued further.

The timing of the sell entry overlapped, resulting in a big trade that captured 60 pips at once.

On the other hand, the rules for buying entries reacted awkwardly in mid-range, resulting in a nearly 20-pip drawdown, indicating considerable volatility.

Subsequent buy entries also nicely reacted at the bottom support and rose smoothly, but the stop loss range was quite large, which was a bit nerve-wracking.

After a large drop, it moved into a range, and despite a few losses, ended with about a 30-pip gain.

With such a large downtrend, one might feel it’s near the bottom, but until a reversal is confirmed, judgment isn’t possible.

As a 30-second chart, continue to enter calmly and steadily.