As you can see, there is a cone forming on the gold chart. I have drawn the trendlines and set the major support and resistance level on 4hr timeframe as it is a stronger analysis. If you are looking to scalp gold, wait for prices to break through the cone first. Once at least an 1hr candle closes outside the cone, you can possibly look to enter a buy or sell at...
There is strong support on 4hr chart around 1480 area. Upward trendline is fairly strong around the same area. If gold gets around 1480-1481, there's potential
scalping opportunity for buying and locking in 10-20 pips.
