Wednesday, August 17, 2016

Market Psychology Of A STRONG Range On Gold Futures; SchoolOfTrade.com



We came in today to find Gold with a HUGE gap lower on the morning where sellers may be looking to take back heavy control from the steep sell off on the prior day. They failed miserably to do so but when the buyers tried coming in to fill the gap, they also failed.

This told us one BIG clue -- RANGE. We need to treat this like a range and look to get in at the extremes buying low and selling high; more importantly, we need to stay as far away from the middle of the range as possible!


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