Thursday, September 22, 2016

Day Trading Gold Futures Wedge Pattern Breakout;

Today we see Gold Futures catching a very nice run from both FOMC as well as continued bullishness in the overnight session leading into a very strong bull trend. This gives us clues that we need to be looking to buy only and only when we get a good chance to!

We formed a wedge in the morning session which had a strong one candle breakout that pulled back and once again closed outside of the wedge. This was the clue that it was a breakout pullback, just a bit extended is all.

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