Scalping Gold Spot XAUUSD Profitably

Like most Forex instruments, Forex Gold (XAUUSD) can be scalped successfully with a well defined strategy. In this blog, we will learn a powerful XAUUSD strategy.

(I) Indicators with Settings

1) Pivot Points Standard

Indicator Settings : -

Remove all Supports and Resistances ( S1, S2, S3, S4, S5 and R1, R2, R3, R4, R5 ) and keep Pivot (P) 

(II) Time Frame

1. 15 Minutes ( fixed )

(III) Rules to find Support Level

This method attempts to capitalize on bullish momentum by identifying strong support zones based on pivot movements.

Step by Step Entry Guide:

1) Today's Pivot (P) should be higher than yesterday's Pivot (P).

2) Today's Closing must exceed yesterday's Closing.

3) Mark today's low as the next support level in Gold Spot XAUUSD.

4) Buy entry: Price retests support level.

5) Target Swing High as your take profit level.

(IV) Example of perfect Support Level

Let us check another example in XAUUSD

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1. Today’s Pivot > Yesterday’s Pivot

2. Today’s Close > Yesterday’s Close

3) Today’s Low = Support

4) Buy entry at retest

5) Target = Swing High

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