Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
XAUEUR – Dynamic Support In Play, Holding My Longs | Apr 28
XAUEUR – Holding Stable Above 20 EMA & Dynamic Support (daily chart)
As we talked about in our weekly commentary, we’ve been bullish on gold vs. the EUR lately and after a few days of low activity, the precious metal has gained strongly today.
Notice how the daily 20 EMA and dynamic support has held the PM for the last 7 days. I’m currently long and in profit as you can see below.
Above 1125, we should be testing the yearly highs around 1155. Beyond here we have 1200 and 1255 so continue to look for longs on weak corrective pullbacks.
Only a daily close below 1064 would negate my bullish bias.
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.