Thursday, September 22, 2016

Market Psychology On Gold Futures Breakout Pause Morning;

Today we come in to find Gold Futures with a big gap higher on the FOMC news with continued bullishness to the market. This gives us clues that we need to be looking to buy to the highs and try to stay out of sells.

The huge first candle had very little continuation which found a range for a very long while. In a range, we are looking for traps and buying low with the bull bias. Looking for sellers to get trapped in gave a ton of different opportunities today!

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