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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Gold Fakey Buy Signal at Support, 24th April 2014

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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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. saad April 25, 2014 at 11:11 am

    i think pin par strategy is the best
    good job

    Reply

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