Wednesday, August 10, 2016

Price Action Trading The Breakout Momentum On Gold Futures;

We started the day off today with a nice attempt from the buyers to push the market in the overnight session with massive bullish pressure. We then moved into the US session where the buyers seemed to completely fall apart at the highs back down on a breakout move lower.

This gave us a clue that buyers may still have control but they are no longer interested in buying this high and will likely look for sellers to finish the job to get them better prices lower back into the move before they come back in!

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