Golds on a run thanks to the crazies. Next SR line is 1335. The 40ma weekly is staying above the 100. For the moment.

A beautiful morning in Noosa for training up here.  Janet Yellen caused real angst with USD investors on Friday so gold has continued to rise. Let’s see what the nfp does this Friday

I’m back in Coollum this week for training and will be back in Brisbane on Sep 13. Book in this week if you’re on the Sunshine Coast or in Brisbane on the 14th. I can offer credit card payment and payment plan.

Join me on Patreon to find out. Become a patron for access to my daily posts outlining the price action and for trend signals.

I’ve been telling my clients for weeks that the Fed would not allow gold to break 1300. Sure it broke the longterm bear channel but it did for 12 weeks last year. It was always knocked down. As the pic shows a new downward channel has been built after some serious fighting for dominance.

Gold has been weekly ranging since Jan 2015. We’ve been in this position at the top of the range six times and each time the gold media and armchair analysts predict it’s going to take off. It will only take off when the Fed loses control or we see a political crisis. Beware of the fake news.

hi traders, I’ll be in Brisbane on Wednesday – Thursday, 30th and 31st of August for a Trader Lockdown. The venue is Il Mondo Apartments which is located behind the Story Bridge Hotel with easy parking. Start time is 2pm and we will train to the US open or earlier. Food and beverage is provided with a break for dinner between 5-7pm.

This training is a one-off event and is the only session you will ever need to become a profitable trader with control of your emotions and future as a trader.

As a trader it is the session I wish I could have invested in four years ago.

To book in contact me on 0401 286 943. RB Forex Trader