XAUUSD TRADING ANALYSIS

Looking for a gold scalp in London session, gold is reacting in a 5min demand, I will position for a sell if the trend continues or position for a buy once there is a change in market direction

Gold still following the bearish narrative

Gold narrative just changed from bearish to bullish, am positioned for buys

I can't see your sl

You know 1min is very fast was trying to post so I won't miss price movement, my SL is -30pips for the positions I don't risk more than 30pips

You know 1min is very fast was trying to post so I won't miss price movement, my SL is -30pips for the positions I don't risk more than 30pips

Gold was reaction from a 5min demand level but at first didn't give a good confirmation for a trade entry so I decided to wait for price to give that confirmation which is visible, price made a double bottom pattern which was my first confirmation

After the first confirmation of the double bottom price printed series of bearish candles which could cause an invalidation or validation I have clearly marked them out

The bullish candle marked out gave me the cisd (change in state of delivery) I was looking for because it took out all the bearish candles that was printed and that gave me a trigger to execute immediately

I executed and closed out in profit targeting just 30 pips profit from 4117 to 4120

I executed and closed out in profit targeting just 30 pips profit from 4117 to 4120

Okay 👍

That's good

My target is always -30pips and +30pips to help cut my losses so I don't loss too much per session

Thanks can always improve daily

Yeah exactly

So how is your own trade going?

Tp hit

Tp hit

Congratulations... The gold sells was mad I saw the bearish intent in 15min but since it's scalp I decided to just take the short buy .... Either ways profits must be made