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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

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By in Forex Trading Commentary on | 2 Comments
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AUDUSD – Aussie/dollar buying opportunity setting up again

If you’ve been following or recent commentaries on the AUDUSD, you know we had recently been looking to buy from 0.7500 – 0.7520 on a pull back. Since then, our view has panned out and price has indeed bounced from 0.7500, moving all the way up to 0.7740 area before recently pulling back again to the downside. From here, we are watching this current pull back and  looking to buy near 0.7500 – 0.7550 by either waiting for a price action confirmation entry signal or entering on a blind entry within that support zone.

Gold – Gold surges higher from $1200.00 key support

Gold has undergone a very strong surge higher since it bounced at $1200.00 key support; a level we had been watching for buying opportunities as we discussed back in our February 14th commentary. Our views remain similar; we see support at $1220.00 – $1200.00 as a key buy zone and ‘line in the sand’ for buyers / bulls, so we will wait and look to buy on a pull back to that support zone, either on a price action buy signal or a blind entry.

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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 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.

Recent

  1. Petrus July 31, 2017 at 3:15 pm

    Thank you.
    I would like to know your advice or suggestion on how swing traders who are using daily time frame dealing with gapping up or down that usually happen on Monday.

    Reply
  2. Samuel July 31, 2017 at 11:57 am

    Great analysis.. your insight into the market is always refreshing. Keep it up Neil

    Reply

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