November 12, 2014

Support And Resistance Trading The Gold Futures; SchoolOfTrade.com

Selling the retest of our area of resistance allowed us to bank a nice and quick 64 ticks to the downside this morning on Gold!
In today’s video we see Gold forming some fairly lack-luster moves which makes us look to fade the highs and lows.

This gave us an opportunity to sell the test of resistance back down to bank a quick $640 on the trade!

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Trading support and resistance areas can be a VERY profitable strategy, the key to it is really patience to wait for the best looking setup!

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