Once Again, New Highs In Gold; New Lows In Dollar
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.
Once again, there were no new setups tonight (Wednesday). Therefore, let’s
look ahead.
Looking Ahead
 The Dollar, mentioned
recently, dropped to new lows again on Wednesday. This could set up
opportunities in the inverse currencies (also mentioned recently) on the next
pullback.
Once again, the June Canadian Dollar
(
CDM2 |
Quote |
Chart |
News |
PowerRating) remains in a strong uptrend.
It could set up on the next pullback.
June (or August) gold
(
GCM2 |
Quote |
Chart |
News |
PowerRating) hit new highs again on Wednesday. Once again,
it could set up on the next pullback.
July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, also hit new highs on Wednesday.
It too could set up soon on a pullback.
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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