Focusing on Gold

Posted by on Jan 23, 2013

Hello Traders, While a majority of the pairs have remained range bound, I have been focusing on Gold as of late, which is forming a pre-breakout price action squeeze on the 4hr chart. Looking at the chart below, the pair has definitely come up against a clear resistance level in $1695 which has rejected the market several times since the 17th of this month. You will also notice the 20ema carry and pin bar rejections on both sides. And now the squeeze is forming, suggesting a breakout
468 ad

Comments are closed.