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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Forex Trade Setups Commentary: Gold Inside Bar Setup 8-30-10

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By in Forex Trading Commentary & Trade Signals by Nial Fuller Last updated on | No Comments

Forex Trade Setups Commentary: Gold Inside Bar Setup

Gold formed an inside bar today in the context of the recent bullish momentum. We have pointed out some of the other recent price action setups that have worked out nicely on the daily chart of gold below.

The inside bar setup that formed today could provide traders with a low-risk entry into this recent up move, however we would need to see a break of the mother candle high near 1242.15 to initiate any new long positions.

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For a more in-depth analysis of the major forex currency pairs and price action analysis, please check out my forex trading course.

Commentary:

The U.S. dollar and Japanese yen strengthened today on the back of renewed risk aversion due to concerns over the pace of the global economic recovery.

The yen was the big winner today, beating out all the other majors including the U.S. dollar.

The Dow lost 140.92 points, or 1.39 percent, the S&P 500 dropped 15.67 points, or 1.47 percent, and the Nasdaq lost 33.66 points, or 1.56 percent.

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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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