September Special: Get 45% Off Life-Time Access To Nial Fuller's Price Action Trading Course & Daily Newsletter (Ends September 30th) -
Nial Fuller

Professional Trader, Author & Trading Coach

Forex Commentary: Gold pin bar and AUDJPY inside pin 8-24-10

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

Forex Trade Setups Commentary: Gold pin bar and AUDJPY inside pin

GOLD pin bar:

Gold formed a large bullish pin bar setup today showing rejection of support near 1210.00-1215.00. With this pin bar having a rather long lower tail it is possible that will price will retrace a portion of the tail’s length before / if it ultimately moves higher as a result of this rejection candle.

Should price move higher off this pin bar setup we see resistance coming in near 1260.00-1265.00.


AUDJPY inside pin bar:

Price moved dramatically lower today in the AUDJPY after an inside pin bar combo that formed yesterday in the course of the weakening momentum in this market. Note how price moved down into the next major support near 73.60.


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


Today’s big winners in the forex market were the safe haven currencies. The U.S. dollar, Japanese yen, and Swiss franc strengthened as investors looked to liquidate riskier positions on the back of another round of poor U.S. economic data.

The U.S. dollar was mostly stronger today but lost ground to the Japanese yen and Swiss franc. The Japanese yen strengthened across the board with the Swiss franc coming in a close 2nd place.

Gold also strengthened today after an early session move lower, the metal formed a rather convincing bullish pin bar on the daily chart today.

The Dow lost 133.96 points, or 1.32 percent, the S&P 500 dropped 15.49 points, or 1.45 percent, and the Nasdaq lost 35.87 points, or 1.66 percent.

Print Friendly, PDF & Email

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.

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

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


Leave a Comment

Your email address will not be published. Required fields are marked *