Saturday, April 27, 2013

Day Trading Gold

Day Trading Gold, using GC chart on Ninja Trader 7

[caption id="attachment_6443" align="alignleft" width="300"]day trading gold gold chart[/caption]

Day Trading Gold Weekly Chart

Will gold go lower? Well, on weekly chart we can see that gold got a very nice Ret. so far. Gold price fill the Gap, but was not able to pass 200MA on weekly chart. Look at buyers volume on last week. Not much, very low in buyers commitment. Buyers was also not able to pass Bearish trend line last week.     [caption id="attachment_6444" align="alignright" width="300"]gold trading day trading gold[/caption]

Day Trading Gold ; 1440 min chart

On this chart we can see that gold hit 50% Ret. Fibonacci. my Targets are my blue line for Short position and 200MA fo [...]

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