【August 26】30-second gold scalping trade result with no discretion
Details of 30-second GOLD discretionary-free scalping here
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This is the trade on August 26.
21:30
U.S. Durable Goods New Orders (Preliminary) July [MoM]
21:30
U.S. Durable Goods New Orders (Preliminary) July [Excluding Transportation, MoM]
22:00
U.S. New Residential Sales Price Index Q2 [QoQ]
22:00
U.S. Home Price Index June [MoM]
22:00
U.S. S&P Case-Shiller Home Price Index (20-City) June [YoY]
23:00
U.S. Richmond Fed Manufacturing Index Aug
23:00
U.S. Conference Board Consumer Confidence Index Aug
is upcoming.
The importance is high, but the range of fluctuation is not that large.
However, since they are all concentrated in the same time frame, be cautious.
Trading decisions are based on that context.
Following the indicators on the 22nd, the big trend was broken, leading to a prolonged sideways market for GOLD on the 25th, but at the Tokyo market open on Monday it dropped sharply.
However, the retracement pushed to a new high quickly.
It seemed the upward momentum would continue, but it suddenly fell again and entered a range.
It did not mark a new low in the London session and returned to a range.
It then moved into the NY market with no standout moves.
From just a chart viewpoint, there appears to be movement, but volatility from the London market has been low and price action is calm.
Gradually movement began to appear, creating zigzags, but still fewer entry opportunities than usual.
Nevertheless, the trend clearly turned and rose, and a sell entry aligned well; although not many pips, a win was achieved.
Volatility is inevitable with the current market, but the fact that we managed to win is a relief.
This week, continue to enter trades politely without discretion.
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