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.
Forex Market Commentary – Gold Pin Bar + Outside Bar Combo | Jan 28th
After getting hammered over the last 5 days, and losing over $40 in the process, Gold has formed a 3 legged pullback and is attempting to bottom. In the process, the metal formed a pin bar and outside bar combo at the key support level of $1652.
I’m not quite convinced the short term down trend is over, but I suspect it may be due for a bounce. I’ll look for a corrective price action pullback into the $1652 level. If this holds, then I’ll target $1664 and $1676. If this level fails, then look for a deeper pullback towards $1645 and possible $1625.
If you want to learn to trade price action, learn rule based systems, get access to the traders forum, lifetime membership & more, visit my Price Action Course page here.
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.