A short term buy on gold
This analysis is not clear enough cause the work has been done on the lower time frames. On the 15 m chart we have a Head and shoulder trying to form and on the 5 m chart there is a double bottom pattern that just confirmed our buy order. Scalps are too quick and too risky, trade responsibly.
Trade active
We are active and we are on profit so the way forward is to cut the SL in half so that we at least reduce our risk on the trade because it is a scalping trade and they tend to move quickly.Trade closed: target reached
Our TP has been hit and simple and efficient.
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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.