GOLD possible scalping opportunities

28 mar 2019

I don't think much will be happening between 1300 and 1325. Even when we see a break of 1300 we will have to wait and see if there will be follow-through, given the extensive amount of EMA's supporting between 1300 and 1270. Nevertheless, could offer some profitable scalping.

29 mar 2019

Nota

Well. What we definitely didn't see was scalping opportunities. Recent news increased USD demand, resulting in a dovish signal for the XAUUSD pair. Currently, Gold is consolidating above the 100 Day EMA. The overall trend line is still bullish. I see no reason it will dive below 1285-1275. As such, buying dips is a great opportunity for the long term.

Of course, it's best to await some of the news (as you can see on the chart). Never trade according to the news!

30 mar 2019

Nota

This is why we wait for the news. It had a major impact on the XAUUSD pair. That is why it is best to never trade the news as, sometimes, it just increases volatility too much.