Gold Price Action – Looking for Potential Buy Setup | Oct 15

Gold – Impressive Bull Run
After being left for dead and people calling for its head, the price action in Gold has impressed to dress lately, bouncing over $60 off the 1182 lows.

Looking at the 1hr chart below, we can see a large consolidation between 1236 and 1221 since Oct. 8th which just folded today.

Short term the PM is bullish, with an aggressive pullback level around 1237 and a deeper pullback level around 1223. I’ll be looking to get long at one of these levels on a corrective pullback, targeting the 1249 ST resistance, looking for a deeper move higher towards 1257 and 1270.


Check out our Live Price Action Trade Setups with the top trade profiting +8R in a few hours!

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

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. 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 18yrs 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.

Related Article