Gold Price Action – Impulsive Selling Resumes | Feb 17

Gold – Impulsive Selling Resumes (4hr chart)
After pulling back a few dollars above the key role reversal level we talked about at 1231, the metal ran into heavy offers which resulted in the impulsive selling resuming. In the process, the pair touched the key support we talked about 1206.

The commodity has since formed a small inside bar at support. If we get impulsive selling here and take out today’s lows, then we are talking about a likely attack on 1175. For now, I’m remaining bearish while below 1231/1235 so weak pullbacks into resistance are selling opportunities, perhaps 1217.


Also in our members commentary today, we cover the EURUSD, EURJPY, EURGBP, USDCAD & FTSE 100. Click here to become a member.

Read my latest article Meditation For Trading – My 15 Years of Experience.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article