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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Gold Fakey Buy Signal at Support, 24th April 2014

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | One Comment

Trading Setups / Chart in Focus:

Gold – Spot Gold fakey buy signal at support

The spot Gold market formed a bullish fakey signal today following the inside bar that formed yesterday just above key support near $1277.00. If the market remains above $1277.00 on a closing basis, we could see a move higher in the coming days, perhaps up to re-test the next resistance area near $1320.00 / $1330.00. We could see a retrace back toward that $1277.00 area and the 50% level of today’s false-break bar before the market pushes higher, which would potentially lead to a better trade entry and risk / reward on this setup.

gold

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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. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. Viet July 11, 2019 at 12:32 am

    Nial, Im from Vietnam. I cannot describe how much I admire you.
    Never imagine some simple candle patterns have such power on the market.
    I always dream to be a successful trader living my free life with beloved but have never reached it after some years of ups and downs…a lot of pain, loss …
    I want to have a life like you, being happy with beloved wife and daughter and enjoy trading, please help me by posting more about your price action applications, I promise with you and with myself that I will appreciate every piece of experience from your posts.
    Many appreciation, admiration, loves and best wishes from me to you.

    Reply
    • Nial Fuller July 12, 2019 at 1:53 am

      Your comment is very appreciated, it is good to hear from traders in Vietnam.

      Reply

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