How real is scalping on gold, the size of the commission and the strategy that helps you make money

It is generally accepted that the best asset for trading using the scalping strategy is the eur/usd currency pair since it has the smallest spread.

But this judgment is one hundred percent correct only when we are talking about the shortest transactions or pips.

In fact, you can scalp on almost any asset, the main thing is that the speed of price movement and time are enough for it to be tight, so that the financial result of the transaction becomes positive.

Gold trading is no exception to this rule, especially since, thanks to the use of CFDs, the commission on this asset is reduced every year.

 Why scalping on gold?

Traditionally, the precious metal was used only for short-term transactions; gold was always perceived as an investment object, and not as a tool for speculation.

But if you have tried to trade the XAU/USD pair, you have probably already noticed how often it enters almost horizontal corridors:

As a rule, the width of such a corridor is 10-15 dollars, which may seem a little, but using leverage you can easily increase your profit tenfold.

The only question that remains is the size of the commission for opening a gold transaction, how large and surmountable will it be in a short time?

With my broker, a transaction of 1 lot cost $41, despite the fact that the lot size here is 5000 Trinity ounces:

That is, for one ounce when opening a transaction, I paid 41/5000 = 0.008 dollar commission or less than one cent.

Based on this, we can safely say that a corridor of just a few dollars is quite enough for scalping on gold, since this metal has quite high volatility, and the size of the commission for opening an order is at a low level.

This is also confirmed by the fact that during the writing of this article, the price of my open transaction successfully compensated for the spread and began to make a profit:

Therefore, we can conclude that scalping on gold is quite possible, and the best strategy for these purposes is trading in the price channel that this asset loves to create.

At the same time, a leverage of 1:500 is quite enough for decent earnings even with a deposit of only a few thousand US dollars.

Trading gold through the metatrader 4 platform - https://time-forex.com/interes/torg-zoloto-terminal