The first thing to remember if you want to scalp the Gold market is don’t fall into the trap of only looking for long trades.
When scalping on the smaller time frames you are going to see strong trends both higher and lower. You need to use these trends to your advantage and trade with the flow of the market.
In the example below price is trending higher so we are looking for a long scalp trade.
To find a high probability entry we are using the Fibonacci indicator.
When price pulls back lower to the 50% Fibonacci level inline with the trend higher we could look to make a long trade and ride the next move higher in the trend.
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