I want to do scalping

Context

You asked about scalping XAUUSD (spot gold vs USD). Our stock screener cannot search or filter forex/CFD pairs or spot metals directly, so it cannot screen XAUUSD itself.

Instead, it tries to approximate your intent by looking for stocks that are tightly linked to gold and that show short‑term bullish momentum—conditions that are more suitable for very active trading styles like scalping (on the stock side).

Below I’ll explain each filter, why it was chosen, where it mismatches your request, and why no stocks were returned.

Screening Filters

1. Price: 1–1000 USD

   • Purpose: Limit results to reasonably priced, tradeable stocks and avoid extreme penny stocks and ultra‑high nominal price issues.
   • Rationale:
     • For a scalping‑style approach on stocks, you usually want:
       • Enough liquidity and tighter spreads (more common for non‑penny stocks).
       • A price range that works with your capital and position sizing.
     • The 1–1000 USD band removes:
       • Sub‑$1 penny stocks, which often have huge spreads and low liquidity (bad for scalping).
       • Very high‑priced shares (e.g., $2000+), where tick size vs. position size is awkward for rapid trading.

2. Moving Average Relationship: PriceAboveMA5

   • Purpose: Ensure the stock’s current price is above its 5‑day moving average, indicating a short‑term bullish bias.
   • Rationale:
     • Scalpers typically prefer instruments in a clear, short‑term trend, because:
       • Trend provides directional edge for quick in‑and‑out trades.
       • Volatility within a trend is easier to exploit than in flat, choppy names.
     • A 5‑day MA is a very short‑term indicator on daily charts and is the closest the screener can approximate your desire to scalp (which in reality is intraday: 1–5 minute charts).
     • So this filter says: “Only show me gold‑related stocks that are currently trading above their very short‑term trendline.”

3. 1‑Week Price Change %: min 0%

   • Purpose: Only include stocks that are up over the past week.
   • Rationale:
     • This enforces a recent positive momentum bias:
       • A positive weekly change suggests buyers are currently in control.
       • For a scalping‑style strategy, you often want to trade in the direction of recent momentum, not fight it.
     • Combined with PriceAboveMA5, it attempts to focus on short‑term uptrends rather than flat or declining names.

4. Sector: Financials

   • Purpose: Restrict results to companies classified in the Financials sector.
   • Rationale:
     • Here is where there is a mismatch with your intent and also the main reason you’re seeing no results:
       • Most gold‑related equities (miners, royalty companies, streaming companies) are classified in Materials (or occasionally Energy/Industrials), not Financials.
     • Applying sector = Financials while also demanding a Gold Mining and Precious Metals theme makes the search extremely narrow, and in practice almost empty.
     • There are a few financial instruments (like gold‑linked funds or structured products) that might be tagged differently, so the screener is trying to capture “gold‑related financial vehicles,” but this is usually not how they are classified in sector databases.

5. Themes: Gold Mining and Precious Metals

   • Purpose: Focus specifically on stocks that are economically tied to gold and other precious metals.
   • Rationale:
     • Since we cannot screen XAUUSD directly, the closest proxy is:
       • Gold mining stocks
       • Precious metals royalty/streaming companies
       • Some related ETFs
     • These companies’ revenues and valuations are often highly sensitive to the gold price, so they tend to move directionally with XAUUSD:
       • When gold rises, miners and precious‑metal names often show amplified moves (beta > 1 to gold).
       • That makes them attractive if you want to trade gold’s moves via equities.
     • For someone interested in scalping gold, the screener is effectively saying:
       “Let me find gold‑linked stocks that are currently moving up and are potentially good for active trading.”

6. Exchange List: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Restrict results to major U.S. stock exchanges.
   • Rationale:
     • Major U.S. exchanges tend to offer:
       • Higher average liquidity
       • Tighter bid‑ask spreads
       • Better execution quality
     • Those are all crucial for any intraday or scalping‑style approach.
     • So this filter is aligned with your trading style needs, even though it is applied to stocks, not XAUUSD itself.

Do These Filters Match Your Request?

• Your request: “I want to do scalping with XAUUSD.”

  • Instrument: forex/spot gold (XAUUSD)
  • Style: scalping (very short‑term intraday trading)

• What the screener actually handles:

  • It only screens stocks/ETFs, not forex pairs or spot metals.
  • The closest it can do is:
    • Focus on gold‑sensitive stocks (via the “Gold Mining and Precious Metals” theme).
    • Apply filters that approximate short‑term bullish momentum (PriceAboveMA5, positive 1‑week change).
    • Restrict to liquid, major U.S. exchanges.

So:

• We do not support screening XAUUSD itself or intraday scalping indicators directly in this tool.
• The filters are a proxy approach: finding gold‑linked equities that might behave in ways similar to gold and that are in short‑term uptrends, which can be of interest to an active trader.

Why No Results Were Returned

No stocks met all of these conditions simultaneously. The most likely culprit is the combination of:

1. Sector = Financials
2. Theme = Gold Mining and Precious Metals

In practice:

• Gold miners and most precious‑metals plays are in the Materials sector, not Financials.
• When you say “Financials” and “Gold Mining and Precious Metals” at the same time, you’re asking for a very rare (almost nonexistent) intersection.
• Add on top:
  • Price between 1 and 1000
  • On NYSE/NASDAQ/AMEX
  • Price above 5‑day MA
  • Up on the week
    → The universe shrinks to zero.

So the zero-result outcome is mostly due to overly restrictive and somewhat conflicting filters, not because there are no tradeable gold‑related names.

Next Step: Adjust Filters?

To better align with your goal and actually see results, we’d probably want to adjust:

• Drop or change the Sector filter:

  • Remove sector = Financials
  • Or set sector to Materials (or “Any”) so that typical gold miners and precious‑metal companies can appear.

• Optionally keep:

  • themes = Gold Mining and Precious Metals
  • PriceAboveMA5
  • week_price_change_pct >= 0
  • Major U.S. exchanges

That would likely give you a list of gold‑related stocks in short‑term uptrends, tradable on liquid U.S. markets—more useful if you want to trade gold’s moves through equities.

Question for you

Would you like me to:

1. Relax the filters (e.g., remove the Financials sector restriction or broaden sectors) to show gold‑related stocks suitable for an active, scalping‑style approach?

or

2. Focus on strategy guidance for scalping XAUUSD directly (timeframes, key intraday levels, volatility patterns), separate from the stock screener?