Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Dec Gold/ At Resistance-Still *PIC*

Dec Gold continues to spin its wheels at resistance. Price must clear and hold above $1800 to expect a run to a double top. Price can't continue to sit up here indefinitely without taking off upward again or selling off. Technicals show a loss of momentum and negative divergences displaying weakness at these highs. Time to sh-- or get off the pot for Gold. Doesn't look good up here at this point. Watch this little pullback in DX from its recent bear flag rally to see if it reverses back up again and clears its recent high and downtrendline. That is a possibility now and would once again trash inverse markets. Definitely not a time for complacency.