The GOLD LEVEL MEMBERSHIP Trades LIVE
during the morning hours with futures instruments each day –
MARKET TEMPERAMENT –
Yesterday’s bounce continues after repeated tests of support. This was a good sign that buying pressure was holding steady. Today we watch for the same. Watch for more choppy price action today as we approach congestion of significant importance. Buying pressure is still present but as we come into these key levels, it is important to cycle through your trades. This means that you look for support to resistance trades and visa versa. In general, we will remain engaged in a large relief bounce within a much larger bearish motion. We can still trade both sides of this, but with caution – particularly as we creep towards key levels of breakdown.