New traders: Try to stay out of the markets until after the release. Pre-event price action usually ranges tight and will whipsaw in-between. The trade always comes after the event!!

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A lot of traders get confused when the markets start to range. A range usually occurs after the price has moved aggressively and needs to take a rest or settle. They do this to accumulate orders in one region, and/or to bring the mean. You will get conflicting patterns and both long and short indications which will make it difficult for some to decide which way to go. When the smaller time frames are not clear, switch to the longer time frames, this gives you a clearer understanding and structure of the chart. In ranges its difficult to hold trades, however, there are opportunities for experienced scalpers to trade within the range.

The below post may help some of you:

https://www.tradingview.com/chart/XAUUSD/gRr0LS05-KOG-Trading-the-Range-Update/

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