Showing posts with label Gold Futures. Show all posts
Showing posts with label Gold Futures. Show all posts

Thursday, May 24, 2018

Gold Futures Pending Sell limit 1315.40 Stops around 1321

Trade Gold Futures Gold Futures has been rising quitely from the bottom but bears are still looking to attack 1250 area ahead of 1310 area which is a good location to short.

As you look at the chart there is strong Rally Base drop and if you look past history you probably will find clues of the distinct price location where price change direction several times and this time this is going to be strong enough to rally ahead of the weekend.
Stops should be tight and as adviced.
Sell limit around 1315.40
Stops around 1321
Target 1st recent lows around 1273
Target second 1253

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