COMEX:GCJ2013   GOLD FUTURES (APR 2013)
416 views
April Gold - Trend is down but in the last five days gold has been consolidating within 1565 - 1585 range. This could be an area of temp support. Breakout from this pattern is going to push the price up to the next resistance (1620) and towards the down-sloping parallel line. Risk / Reward = 1.85 not bad.

Comments

Target almost reached! I take the profit
Reply
1579.7 and 1580 sellers A BIG here..if it would not get upper..i would look short.
Reply
LEONES ozatrading
this is a short term trade, i agree the trend is down
Reply
LEONES LEONES
compare also with silver and you will find more reasons for a long now
Reply
Will US jobs report be the trigger? I believe they will come in-line or lower than expected.
Reply
LEONES QuantitativeExhaustion
yes maybe good point
Reply
The thinking here is US Federal Reserve will continue QE through 2014-15. We also have China industrial production numbers coming out later in the day. IF US in-line or worse than expected and China industrial numbers growing, both will trigger gold/silver much much higher
Reply
The thinking here is US Federal Reserve will continue QE through 2014-15. We also have China industrial production numbers coming out later in the day. IF US in-line or worse than expected and China industrial numbers growing, both will trigger gold/silver much much higher
Reply
LEONES QuantitativeExhaustion
yes thank you, real economic doesn't seem picking up...i need to have a look at copper too, nice flag there..
Reply
I see that flag, very good. How about coal, still have a move lower before correcting?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out