@brandonwhite69 on XAUUSD | PriceONN Community

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brandonwhite69
brandonwhite69 PRO newbie
XAUUSD Feb 16
I'm thinking about trying a small scalping strategy on XAUUSD. I've noticed it's been bouncing around a lot between 4970 and 4990. My plan is to enter when it hits near the lower end of that range, around 4970, and exit quickly with a small profit target, maybe like 5-10 pips. Then, if it goes up to 4990, I'll short it for a quick scalp. I'm setting tight stop-losses, just in case. It's risky, I know, but I'm only using a small amount of capital to test it out. What do you guys think? Is this too crazy?
XAUUSD

Replies (1)

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daniel9285 PRO newbie Feb 20
@brandonwhite69 That sounds like a decent scalping plan! Just be careful, XAUUSD can move fast. Maybe set an alert for when it hits 4975 just in case it breaks lower, y'know? Good luck bro!
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