Learn To Trade Price Action with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
Forex Commentary:
The U.S. dollar gained on the euro and British pound today, the greenback lost to the other majors though.
Gold and silver both shot higher today off bullish fakey setups discussed in our commentary from yesterday, both precious metals are looking poised to re-test recent all-time highs.
Trading Setups / Chart in Focus:
Gold and Silver
The fakey setups that formed in gold and silver yesterday on the daily chart both came off today to the upside in very decisive fasion.
We discussed these setups in yesterday’s commentary, it looks like the uptrend is picking back up in both precious metals, we may see a re-test of resistance near the all-time highs in gold near $1430.90 an ounce, and in silver near $30.70 an ounce.
Gold:
Silver:
For a more in-depth analysis of the major forex currency pairs and price action analysis, please check out my price action forex trading course.
Other Markets:
On Wall Street today stocks pushed higher in light trading. Cold weather in the Northeast worked to raise demand for oil prices and energy shares.
A blizzard increased demand for heating oil, pushing U.S. crude prices above $91 a barrel and lifting the S&P 500 energy sector by 0.4 percent.
The Dow gained 20.51 points, or 0.18 percent, the S&P 500 added 0.98 point, or 0.08 percent, and the Nasdaq lost 4.39 points, or 0.16 percent.
Upcoming important economic announcements: 12/29
5:30am EST: Swizterland – KOF Economic Barometer
Nial Fuller Facebook
Nial Fuller Twitter
Nial Fuller LinkedIn
Nial Fuller YouTube
RSS Feed