Day Trading Gold by Using GC E-mini Contracts
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Gold Day Trading Chart[/caption] Day Trading Gold Weekly Chart Movement:
After Buyers's failure to go back to double top with so many commitment ,Sellers get in. and go back directly to MA 50. take a break, and push one more time under 50MA. Since 4-5 weeks Gold are more likely to be in consolidation, but Sellers still control the game, and 50MA are more likely to support Sellers than Buyers. And As you can see, we are in Bearish channel. Double Top: Important thing to look at, Buyers never was able to go back to "the" double top price. And they try twice. 1st Short Target Line: This price are also resistance or support, depending who's in control at this level. So far, Sellers are trying to control this price but buyers resist to sellers. Double Bottom: My 3rd target are not at this double bottom, for only one reason. Sellers fail every time to close under 1582.00. this is another important price to win for sellers, if they are looking to go lower. [caption id="attachment_6030" align="alignright" width="150"][...]day trading course
