Sunday, August 11, 2013

Gold Price Action: Against Market Open, August 11, 2013. Pin Bar Price Action pulls higher, within Supply Zone.

Gold is slowly grinding higher after price fell back within its Demand Zone. No extensive bullishness is expected until we get a second bullish break on the pair. But where it fails and gives a sell setup instead, at about its Psychlogival level, Sell entries would be made. In the meantime, this points to the fact that we might be in for a ding-dong on this pair, until we get a clear break north or south (The time maybe, for Channel traders).

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1 comment:

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