Gold Futures Trading


What are the Best Approaches for Long-Term Gold Futures Price Forecasting?

May 28th, 2018 Filed under Gold Futures, Metal Futures | Comment (0)

Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.

There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity.  Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices.  One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.

Another strategy is to look for trends in the economic measurements of major developed and developing countries, such as business and consumer confidence, retail sales, interest rates, production of energy products (unleaded gas, heating oil, jet fuel, natural gas) and industrial metals (steel, aluminum).  These can also be aggregated to provide a broader reflection of global inflation. Read the rest of this entry »


Gold Futures VS Gold ETFs (GCL, IAU) by Matt Kang

April 30th, 2018 Filed under Gold Futures, Metal Futures | Comment (0)

By Matt Kang, Senior Broker @ Cannon Trading Co, Inc.

Gold is the most actively traded precious metal and it is a good hedge against inflation that is why many individuals and institutional investors are investing in gold  to keep their assets by declining dollar and US stock values. Retail access to gold trading has broadened substantially through the futures and gold ETFs.

Let’s take a look at the key difference between gold futures and gold ETFs.

  • Where they traded?

Gold future (GC) is trading at COMEX and GOLD ETFs (GLD/IAU) is traded through securities exchanges. Read the rest of this entry »


Futures Trading Tips, Levels & Reports 8.15.2014

August 14th, 2014 Filed under Future Trading News | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

Just like a basketball player doesn’t just show up for the game a minute before and starts playing, so does a trader need to prepare him/herself for trading.

 

You may not need to warm or shoot around but it definitely does not hurt to visualize successful trading, be rested, relaxed and more specifically, know the following:

 

 

↔What reports are coming out

↔Overview of longer time frames

↔Key support and resistance levels

↔Go over your equity run

↔Make sure your surroundings will enable you to trade

↔Fit trading into your schedule, life style not viceversa

↔E-mail us to be added to a daily newsletter which outlines reports and levels for each trading day

 

 

Read the rest of this entry »


Gold Daily Continuation Chart – Levels & Reports 8.14.2014

August 13th, 2014 Filed under Future Trading News, Metal Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

So I was doing some research and signal evaluator work on some candlesticks formation to go along with some of the conditions I like to use and figured might as well share some of the basic knowledge with my readers…

The following is taken from my CQG trading/chart terminal. If anyone is interested in a free trial, feel free to email me or visit our CQG section on our website.

So today, two formations I started exploring:

1. Engulfing Bearish

The Engulfing Bearish formation is, of course, a bearish formation and therefore its symbol (EG) will always appear at the top of the formation. It represents the opposite of the Engulfing Bullish formation. Three criteria establish an Engulfing Bearish formation:

*The market has to be in a clearly definable up-trend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “down” while the first real body should be “up.”

 

2. Engulfing Bullish

The Engulfing Bullish formation is, of course, a bullish formation and therefore its symbol (EG) will always appear at the bottom of the formation. It represents the opposite of the Engulfing Bearish formation. Three criteria establish an Engulfing Bullish formation:

*The market has to be in a clearly definable downtrend, even if the trend is short term.

*Of the 2 candlesticks in the formation, the second candle’s real body must engulf the first candle’s real body.

*The second real body of the formation should be “up” while the first real body should be “down.”

 

 

Above is a daily chart of Gold futures, going back to March 17th 2014 where one can see a good example of the ” Bearish EG”  formation and yet in the same exact chart you can see a failed “Bullish EG” formation on May 2nd 2014.

 

Will continue and explore a few other candlesticks formations over the next couple of weeks.

Read the rest of this entry »


Front Month for Gold Futures is August, Front Month for Bond Futures is September 5.29.2014

May 28th, 2014 Filed under Future Trading News, Metal Futures | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday May 29, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

 

 

US Bonds front month as of tomorrow is SEPTEMBER.

FRONT month for gold as of tonight is AUGUST.

Indices and currencies are still trading the June contract.

talking about gold, here is a quick piece I did for investing.com a few days ago:

http://www.investing.com/analysis/gold-futures-about-to-break-out,-but-in-which-way-214027

 

 

 

If you like the information we share? We would appreciate your positive reviews on our new yelp!! Read the rest of this entry »

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