About Chris Capre

Chris Capre (Head Trader - 2ndSkiesForex) provides weekly forex, stocks, futures, commodities, and CFD trade setups, trade ideas, technical analysis and market commentary. Chris Capre uses his core models of trading price action context, the order flow behind it, and the ichimoku cloud. We have free market commentary published on our site every Sunday or Monday, while we offer daily trade ideas and price action analysis 4x per week for the members of our price action course. To learn more about becoming a member, click here.

Commodity Trade Idea: Gold - Corrective Pullback Into Support | Dec 10

gold corrective pullback into support

Chris Capre’s current live open price action & ichimoku trades: GBPUSD, SUI20, CORN, USDMXN, CHRW, NZDCAD

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Gold – Corrective Pullback Into Support, Looking to Buy (daily chart)

Price Action Context

Still forming a long corrective structure and pullback into support, Gold looks like there’s still some profit taking but no major selling interest is coming in, which lends me to want to get long into support.

Trending Analysis

ST bearish but MT bullish while above 1427 and 1363 …

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