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.
Gold Trade Breaks Through Key Channel Top, Up +5500 Pips | Feb 13th
Spot Gold – Closed Above Key Bull Channel
Gold today has taken out a major technical barrier, closing above the large channel which dominated and contained the price action since Jan 6th. This should shift technical sentiment more bullish, not only confirming the 1178 base and double bottom, but also changing the medium term trend towards the upside.
We talked about our gold trade on Jan 31st is now up over +5500 pips, with +3300 locked in (or +7.3R). Traders currently not long can look for corrective pullbacks towards 1285/88 to get long. A daily close below 1283 will likely signal a pullback before bulls step in to push the pair higher. Upside targets are 1306/09, and 1345/53
Don’t forget to check out our article on Cultures of Expertise in the Global FX Markets
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.