[August 29] 30-second Gold non-discretionary scalping trade result
Details of 30-second GOLD discretionary scalping here
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This is the trade on August 29.
21:30
United States—Wholesale Inventories (Preliminary) July [MoM]
21:30
United States—PCE Price Index July [PCE Price Index—MoM]
21:30
United States—PCE Price Index July [PCE Price Index—YoY]
21:30
United States—PCE Price Index July [Core PCE Price Index—MoM]
21:30
United States—PCE Price Index July [Core PCE Price Index—YoY]
22:45
United States—Chicago Purchasing Managers’ Index (PMI) August [Chicago PMI]
23:00
United States—University of Michigan Consumer Confidence Index (Final) August [University of Michigan Consumer Confidence Index]
and other indicators are in store.
The volatility isn’t very large, but these indicators are concentrated in the same time frame, so be careful during this period.
Trades are based on these considerations.
From the first half of the slow-moving week, the 28th saw a sharp rise to higher highs.
From the previous day’s New York market, it rose sharply, then cooled a bit in the Tokyo market on the 29th, and there wasn’t much downward momentum even in the London market, showing strong upward pressure.
Here too, as the price moved higher and formed a new low, it jumped up into the New York market.
From the chart image, it’s clear that this is an uptrend.
Volatility is somewhat lower than yesterday, but there were long periods of rising without a pullback, making it difficult to time entries.
Compared with this week, there were more entry opportunities, though early in the week entering long often didn’t extend and resulted in stops, while later in the week the market and long entries aligned, allowing a large pip gain.
It was a good trade that relieved past frustrations, but at the same time there was a fear of how high it would rise.
Anyway, thank you for your hard work this week as well.
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