@GauravTrivedi on XAUUSD | PriceONN Community
XAUUSD is around 5170 right now, neutral trend. I'm trying to figure out a good entry for a scalp. Should I wait for it to touch 50 SMA around 5130 or look for a break above 20 SMA at 5190? What indicators do you guys use for quick scalps in this kind of market? I'm testing RSI mostly.
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update: I'm thinking about using the Bollinger Bands for my scalping strategy. Price is near the middle band now. If it goes towards the lower band around 5139, maybe that's a good long entry with a tight SL below S1 at 5158. Still trying to get my system right.