Now the ascending channel has broke. Using small channel to find out the end of retracement and then short trade enter. FOMC will have news about details of rate raising tonight. Then we will see what happen to GOLD.
Less is more!
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1214.8
Trade closed: target reached
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closed manually at 1204
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10.8 dollars.
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In the end, gold drop down to 1190. But we already got what we want. So, no pity at all.
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This is how our stratrgy using small time scale chart to catch large pips. Yes , you are right ,we are professional scalpers.