Forex Price Action Setup - Gold/Silver Form Large Engulfing Bars | Sept. 13th

Gold & Silver
Leave it to my good ol' friend the beard - Ben Bernanke....Central Printer in Chief who today went to the printing presses.

As expected, Gold and Silver pulled right back to role-reversal levels before shooting higher on the announcement today.

In the process, they both formed with trend engulfing bars.

Since I'm still long Gold at $1633 & $1696, I'll take any price action pullbacks into $1740 or $1715 targeting $1900 which seems now all but certain.

For Silver, which I'm still long at since $28.36, $31.06 & now $33.00 after today, I'll take pullbacks into $34 & $33 (again) for an eventual touche of the $36.91 & $43.75 levels.

Intraday bulls can take the higher of the two pullback levels & target today's highs along with $35.27 for Silver while gunning for $1791 & $1815 in Gold.  

Gold
trading forex price action role reversal level engulfing bar 2ndskiesforex.com sept 13th


Silver

price action forex strategies engulfing bar 2ndskiesforex.com sept 13th

For those wanting to learn price action trading, get access to the traders forum, lifetime membership & more, visit my forex price action course page.

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Tags: 2ndskiesforex.com, action, bar, capre, chris, course, engulfing, forex, levels, price, More…reversal, role

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