Hello traders. The one hour is in a no trade range for me. I just posted a daily, which could work with volume during the news this morning at 8 30 am (EST) here in the US. I expect gold to drop at some point after a push up, but again that is speculation on my part. I work on price action as a scalper. Quick 15 -20 pips, secure 75%, stop loss to break even and leave a runner running. Simple, effective and a good trading plan for me. Let's see how things play out. I expect gold to range a bit until 7 20 am . Volume usually kicks in a lot of time at that point in pre NY. The NY session, sometimes, will correct the London move, if it was significant. Be well, trade the trend and thxs.
Note
Took the trade from 1792.30 Exited trade at 1794.30.. Quick scalp. Will try again when NY opens. Trade closed
Pip Whisperer
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Pip Whisperer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.