Wednesday, October 14, 2015

Price Action Trading The News Pullback On The Gold Futures; SchoolOfTrade.com



Buying the News Pullback allowed us to pick up a gorgeous 153 ticks right back up to a new high of day!

In today's video we see the Gold Futures rocketing higher after news which had a bit of profit taking on a pullback back to the same area.

This gave us an opportunity to buy the pullback to ride the move right back up for $1,530 to the highs!



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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have Gold ripping higher after news with continuation buying pressure. This let us know the buyers would defend a pullback to the same area and they came in like a charm!


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