Gold Ready To Shine Again?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
June gold
(
GCM2 |
Quote |
Chart |
News |
PowerRating) appears to be stabilizing from its recent pullback.
This action suggests it has the potential to resume its choppy uptrend.
For the aggressive, the index futures appear to be stalling out in their
rally from lows. This action suggests they might once again challenge those
lows. Wait for timing sell signals if you are a more conservative trader.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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