Commodities Trading | Gold – A Tricky Price Manoeuvre

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This is the hourly chart of Gold, which exhibited a tricky price manoeuvre by the BIG Boys, tricking newbies into going long if they relied on traditional technical analysis breakout setups or indicators.

The real BIG Break came right after that, giving us a very good short opportunity and easily netting a few thousand bucks within the next hour or so. Although it looks pretty obvious here, many would have missed out on this great opportunity because their charts are too cluttered with lines and indicators.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.