In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
NR7 is in play (range smaller than past 7 days) - Overall trend is down. Violent move down can happen.
If played short side- put a stop at 1264
Trade accordingly.