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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

EURUSD and Gold Continue Higher After Pull-backs – May 17th 2017

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By in Forex Trading Commentary Last updated on | 5 Comments
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EURUSD – Euro/dollar bounces after pulling back to support

In our recent commentaries, we have been talking about buying the EURUSD on pull backs to support in order to get long and trade in-line with the uptrend. We can see that last week price pulled back to support near 1.0830, providing a good entry opportunity with a good risk reward. Notice that price has since surged aggressively higher with no signs of slowing down. Traders not already long can watch for further pull backs to buy, perhaps down near 1.1020, as we could see price re-test key resistance up near 1.1400 or higher in days and weeks ahead. Check our members trade setups newsletter for further updates on the EURUSD.

Gold – Gold Pulls Back to Support Then Surges Higher

We have been looking to buy Gold on a pull back near 1220.00 – 1200.00 support for weeks now. After a protracted pull back over the last few weeks that ended recently at 1220.00 support, Gold exploded higher today as the bullish momentum continued. Traders not already long can watch for further pull backs to 1240.00 – 1220.00 area to get long, in-line with the uptrend.

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About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Graeme Normington June 12, 2017 at 11:34 pm

    Thanks Nial. Much appreciated.

    Reply
  2. Bob O'Brien June 12, 2017 at 5:51 pm

    Nial, In your analysis of Gold you say to look for buying opportunities around the 1245 mark. Why not use the 1260 area as there seems to be a lot of support there?

    Reply
    • Nial Fuller June 13, 2017 at 5:13 pm

      Support can be a ‘range’ if there is multiple levels of relevance. We then wait for a price action signal at or near those levels.

      Reply
  3. Rosario C Songcuan June 12, 2017 at 2:22 pm

    Thank you Nial, I really study your style of trading. I believe you are teaching the right way of trading.

    Reply
  4. uffan May 19, 2017 at 7:49 pm

    Thank you boss… i am from indonesia

    Reply

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