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TFC Commodity Trading Forum

Gold closed near the high

Gold finished near the high. Chart looking bullish either by tech traders or fundamentals ? But in either case the odds seem to be in there favor for now. Following the yellow brick road (the chart) are the better odds game. Money was made today in intra trading the minute charts or the daily chart. My strategy is sell off x amount of contracts, say 3 of 5 taking profits and move stop to break even as soon as possible

That would been the same idea in the cocoa call on what I call the spike bar, next day would have stopped out for most average traders but at lest with a profit.


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Gold closed near the high