Take Advantage Of ‘Hidden Traps’ On Friday

Gold Futures (GC):

Gold Keys to Success:

  • Bears took control early in the session with a strong measured-move going lower, but they couldn’t hold control into the close, giving buyers the momentum with a 123-Reversal off the moving-average.
  • Buyers would love to ride this reversal back into the weekly range (magnet) in the middle of the chart.
  • Sellers do have a lot of momentum on that recent move lower, but they’ll need the buyers to try and fail a few times before they can get short going back to the lows.

Best Trades for Tomorrow:

  • [UP] – 2-try trap to buy
  • [DOWN] – trap into seller failure to buy (or) nested failure to buy
  • [SIDEWAYS] – wait for the range to develop, then buy below it using failures.


1 2
View single page >> |

Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.