Trading With *Failed* Breakouts On Friday

Gold Futures (GC):

(Click on image to enlarge)

Gold Keys to Success:

  • It was a “range day” with the bulls completing their ‘pendulum swing’ target to the upside. 
  • Sellers will be looking for shorts going back into the range, but they’ll need to respect the bulls momentum
  • Buyers will be looking for ways to get long but we haven’t seen any jump off the moving-average so they’ll need to stay patient for a breakout

Best Trades for Tomorrow:

  • [UP] – 123-breakout to buy & 2-Try breakout to buy
  • [DOWN] – buyer failure to sell (or) seller failure to buy below range low
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