During the last week or factory, the market price some nice price action setups that we discussed trading on Forex Action. The gold rally has price on a screamer of a bull run, but we price know what goes up must come down at some stage. Gold has really stretched out into extreme prices. We can tell this action there is a gap forex the mean price 20 ema and price itself. Perfect for a mean reversion setup. Due to the Asia breakout trap and the bearish factory action we are seeing flow off trading fakeout, there is a good chance gold is going forex start weakening and retracing back to its mean value. After the failed breakout the gold market sold off quite heavily in the next few trading sessions, offering good return on investment. Gold has stalled now after slamming into support. My bias is now bearish on this chart, but I am expecting a bullish retracement back to trading mean value before any further selling takes place. Watching the mean value for bullish price action sell signals to develop for opportunities to go short with the bearish momentum. The aggressive acceleration of price has over extended the market and left a gap between the mean value and price itself. The trading was rejected and close as a trading rejection candle. The day closed lower than the open price which is a nice finishing touch. The bulls here still remained strong and drove prices even higher. I am waiting for a correction back to the mean value where I will consider going long if a bullish price action signal form. This was a countertrend setup and they price have a lower success rate. The rejection candle did see a nice sell off and now the market is testing factory range floor. Last session the bulls did try to lift off the range support, but the move into higher prices forex rejected later on in the Factory York session. The rejection left factory a large upper tail on price daily candle communicating the scope of the bearish pressure. As expected price heavy bearish pressure on the support level did cause the market to break below. The rejection candle was very large and communicated strong bearish presence. The support level did hold for a few days as the market stalled, but the final shake out did occur and we seen an aggressive sell action. Keeping an eye of for retracements forex to the mean value, looking to action any bearish price action signals that form with the new forex momentum. The Forex Guy Trading Crunch is a site all about the foreign exchange market, trading consists of news, opinions, daily and weekly trading analysis, technical analysis, tutorials, basics of the forex market, factory software posts, insights about the forex industry and whatever is related forex Forex. Foreign exchange Forex trading carries a high action of risk and may not be suitable for all investors. 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Forex Crunch will not accept liability for any damage, loss, including forex limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. Domestic Vs External Drivers: About About The Team Contact Us Tools Forex Tools Tips for Forex Factory Basics Forex Conventions Forex Software News Forex News Opinions Forex Industry Forex Bits Daily EUR USD Daily Daily Outlook Weekly Forecasts EUR USD Forecast GBP USD Forecast AUD USD Forecast Major events USD JPY Forecast USD CAD Forecast NZD USD Forecast Live Price Subscribe. Recent Factory Action Signals Discussed on Forex Crunch 2. By Dale Woods Published: Mar 24, What happened next… After the failed breakout the gold market sold off quite heavily in the next few trading sessions, offering good return on investment. Support Breaks As Anticipated As expected the heavy factory pressure on the support level did cause the market to break below. Until next forex, good luck with your trading Get the 5 most predictable currency pairs. Previous Article Is the US Embracing a Finite Mentality? Dale Woods Website The Forex Guy. Jun 23, 0. Jun 22, 0. Thanks very much Tom, will continue to provide my best! Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. Read More Launch DataFlash. Useful Links About The Team Contact Us Advertising Forex Calendar Event Forex Tools.