Friday, July 01, 2016

Commodities updates - Gold Futures targets and Crude oil watch

Forex Trading Strategies- Gold rallies fresh longs amid safe heaven

Gold futures longs with no risk was the best option to start off the week as price again fake the previous demand and create new demand and rally and last two days bull rally today tests 1341 area which was the first rejection point in the strong risk-off rally after "Brexit", panic offers new safe-heaven demand for gold and other commodities like silver and copper.

You might also like to read:- How to Trade Fibonacci Retracement

Gold and Silver are still the best option for longs in risk-off

Trading Gold Futures levels

Trading is close on gold and other commodities for Monday due to Independence day in U.S, but still I have enough profit in gold and looking to wind off the week with single trade that rally as expected. I would eye on silver now and would post inFibonacci Retracement section for next possible target for both gold and silver.

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