Gold scalping without gambling the daily loss limit

[LondonScalper]

Gold without gambling the daily loss limit

XAUUSD will happily take your daily risk in two slipped stops if you size like a major. My desk rule is blunt: gold gets its own risk envelope, not the leftover of the EURUSD plan after a green morning.

In practice that looks like this:

• Daily loss limit is set in cash before the session; gold’s share is capped (for me, typically a third of that envelope at most).
• If the first gold scalp is a full stop, I do not “earn it back” on the next spike. I either cut size sharply or park gold for the day.
• News windows on US data are flat on gold unless I am already in a planned trade with a hard time stop written before the release.

Volatility is not permission. It is a sizing problem. Treat gold like a different product and the daily limit stops feeling like a suggestion you can renegotiate mid-spike. Majors can still run under their own smaller ticket while gold is in the penalty box.

How do you split daily risk between gold and majors so one wild M1 candle cannot end the week?