Wednesday, August 17, 2016

Price Action Trading The Range Off Newsletter Support On Gold Futures;

We open up today with a gorgeous run down into a major support area called out in the newsletter. We had a huge bounce back up again off that level where we then formed a very obvious range that was holding strong.

The bounce off support allowed a big run back up again where we began to form the range. This range was heavily defended on both sides but knowing that we were at major objective and turning higher, the buy side of the range was much better off to fade back up again!

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