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Gold inside bar update 9-6-10

The gold inside bar setup we discussed in the commentary from 9-1-10 has come off as expected in the direction of the recent bullish momentum and is holding higher prices as we can see from Friday's bullish rejection candle.

We can also see a couple other gold price action setups in the chart below that have provided excellent entries into this most recent bull move in gold.

Resistance in the gold market comes in near 1260.00-1264.00.

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Commentary:

Forex trading volume was very light today due to the U.S. and Canadian bank holiday.