Trading Gold

Trading Gold On GC 04-13 E-mini Futures Contract.

[caption id="attachment_6205" align="alignright" width="150"] Gold Chart[/caption]

Trading Gold:

Quick Update on gold, to look how this week will end. As you can see, Sellers are truly committed to bring Gold price under 1580, And then, will test a very important resistance 1543.32. This what you have to watch on this week-end, before take gold Long or Short. -Will buyers be able to push sellers back ,to close above 1580? If yes, bearish Chanel will be respected and we should see buyers go back as close as they can to my green spot. -If sellers will close under 1570: We may just keep go to 1543.32. But if Sellers decide to take a break. Buyers should not go above ~1615 for a maximum ~1634 price. I will also, update gold Post, on this weekend, [...]

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Trading S&P 500 Index

Trading S&P 500 Index with ES 03-13 E-mini Futures Contract.

[caption id="attachment_6195" align="alignleft" width="150"] S&P 500 chart[/caption]

Look like S&P 500 are going for nice correction.

1530.25 was the Highest price buyers was able to go so far. After all those little move up of 5 points a days, low volume and low volatility in US Index Market; is nice to see this kind of drop. Over 30 points on ES E-mini. It is the correction everyone was waiting for? Is look like. At least is a great start. Right now, we are in a small consolidation. And probably will go "UP" for few points. To be more precise, 1510.25 are the price I'm looking to go back at first. Is also a resistance for Buyers. But we may pass this price and go till 1514.75 , If ever buyers pass this price too, they should not support 1514.75. Also, Notice, we break the small Bullish Channel.

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