Gold – Price Action Structure Still Holds Slight Bullish Bias | Sep 14

XAUUSD – Major Corrective Support Just Below (daily chart)
Selling off 5 of the last 6 days, gold has been maintaining it’s large corrective structure since June this year between 1375 and 1300.

MT I’m bullish on the pair while this price action structure is holding and like the 1300-1310 zone for potential longs.

If this zone holds, then I’d be targeting the upper end of the zone near 1370/75. However if we get a daily close below 1300, then 1275 and 1250 will be under attack in short order as there are likely some stops just below the 1300 level.

gold price action 2ndskiesforex

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