May 13, 2013
- in Uncategorized by schooloftrade
Gold Futures Prep
 |
| Gold Futures Anchor Chart |
Gold trades
in a very narrow price-wedge and sideways-trading-range this morning on the
anchor chart. This anchor chart tells us
that we may want to ‘fold this hand’ and wait for the next. IN other words, we want to sit-on-hands and
wait for new higher-highs or new lower-lows to get into our first trade on Gold. We can see the bearish trend is almost to an
end so we really can prepare for both buying and selling opportunities this
morning. Which way will we get the
breakout? We will wait patiently to
see.
in a very narrow price-wedge and sideways-trading-range this morning on the
anchor chart. This anchor chart tells us
that we may want to ‘fold this hand’ and wait for the next. IN other words, we want to sit-on-hands and
wait for new higher-highs or new lower-lows to get into our first trade on Gold. We can see the bearish trend is almost to an
end so we really can prepare for both buying and selling opportunities this
morning. Which way will we get the
breakout? We will wait patiently to
see.
