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TFC Commodity Trading Forum

Re: Gold
In Response To: Re: Gold ()

Interesting if GCM3 was to move up faster that in came down, but very volatile and risky market to play now bc there's some interest in keeping the metal below $1000.

Rumor has it, there are more buyers than sellers .........buy the rumor, sell the news........

Some momo oscillators 4hrs GCM3 are moving fast up but price has not respond as of this post. I bought at 1413.2 with 1493 as one of the Objectives. Will be taking partials at +10 bucks and let the rest go - There's a strong S/R cluster between 1493 and 1509, overcoming 1509 and finding support I will be a buyer again with 1616/1624. as the objective. Strong zig-zags or swings are possible so ETFs or options are best vehicle to trade. Tomorrow I will transfer to options.
GCM3 now trading 1413.4

Just an opinion here, the market has the last word and in due time will show me the way.

g