XAUUSD - Scalping [ChartCode]

📈 HOW TO TRADE
*XAUUSD – Scalping [ChartCode]*

This is a **rule-based intraday scalping system** built on:
* Trend + Correlation
* VWAP positioning
* Institutional candles
* Volume confirmation
Best for **XAUUSD (Gold)** on **M5 / M15**.

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⏰ BEST TRADING SESSIONS

Trade ONLY during **high-liquidity hours**:
* **London Session**
* **New York Session**
❌ Avoid Asian session (low volatility for Gold)

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🟢 BUY (LONG) SETUP

You buy **ONLY when ALL conditions align**:

1️⃣ Trend Confirmation (Top Label)
* Label shows: **BULLISH (CONFIRMED)**
* Meaning:
* Price > EMA 20 > EMA 50
* DXY is weak (Dollar falling)

2️⃣ VWAP Position
* Price is **above VWAP**
* VWAP acting as **support**

3️⃣ EMA Alignment
* EMA 9 > EMA 20 > EMA 50
* Clean bullish structure (no crossing mess)

4️⃣ Institutional Candle (Yellow Border)
* Bullish candle
* Appears near:
* VWAP
* EMA 20 / EMA 50
* Shows **smart money entry**

5️⃣ Volume Confirmation
* Blue background appears
* Means **above-average volume**

6️⃣ Correlation Filter
* Correlation label is **negative**
* Ideally: `Corr < -0.3`
* Confirms **Gold ↑ when DXY ↓**

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🔔 ENTRY
* Enter **BUY at candle close**
* Or on **VWAP retest dot (green circle)**

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🛑 STOP LOSS

* Below:
* VWAP **OR**
* Institutional candle low
* Typical SL: **5–8 points (Gold scalping)**

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🎯 TARGET
* First target: **+1R**
* Second target:
* Previous high
* Or trail using EMA 9

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🔴 SELL (SHORT) SETUP
Exact opposite rules 👇
Conditions:
* **BEARISH (CONFIRMED)** label
* Price **below VWAP**
* EMA 9 < EMA 20 < EMA 50
* Bearish institutional candle
* High volume (blue background)
* Correlation negative
* Red triangle or VWAP retest dot

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🛑 STOP LOSS
* Above VWAP or institutional candle high

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🎯 TARGET
* Previous low
* Or trail using EMA 9

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❌ WHEN NOT TO TRADE
* Trend label shows **RANGE / NO CONFIRM**
* Price chopping around VWAP
* Correlation close to `0`
* Low volume (no blue background)
* News time (USD CPI, NFP, FOMC)

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🧠 RISK MANAGEMENT (VERY IMPORTANT)
* Risk **max 1% per trade**
* Max **2–3 trades per session**
* Skip trades after **2 losses**

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🔥 PRO TIP (Edge Booster)

Best trades happen when:
* London high or low is broken
* VWAP retest happens with volume
* DXY makes opposite structure

That’s where **institutions step in**.