Re: Gold

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.

Forum Policy

Return to Index Read Responses

TFC Commodity Trading Forum

Re: Gold

In Response To: Re: Gold ()

It could be. Since I don't have a problem looking at other posted charts here, I saw Trades Gold chart and it has a daily resistance trend line crossing at about 1598. I forgot to place that trend line in my chart. What I'm trying to say here is that, GC is moving up to test that daily trend line, then a move back down to 1576 support (shown in my posted chart) Notice that GCM3 is testing that 1576 tonight. -- For me, if below 1576, then I will stop looking for the outside objective 1639 and wait a bit. In other words, 1576 is "the switch".

GCM3 now trading 1577.8

Icd, TY for the observation!

Forum Policy

Return to Index Read Responses

TFC Commodity Trading Forum

Messages In This Thread