Thursday, September 8, 2016

Price Action Trading The Gold Futures Resistance Zone;

Coming in today to find Gold Futures mostly range bound and having a hard time going anywhere fast. We did notice that price was respecting the Newsletter zone from 53.5 - 52.3 VERY well but it was doing so early in the morning not giving us a chance to get on board.

If price comes back (which it did), we need to be looking to sell that area knowing that sellers have been defending it all day and are likely not going to give up without a fight for a move back down to the lows of the range!

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