Thursday, February 21, 2013

Trading Gold

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

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