Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Dear Futures Trader,
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Daily chart of gold futures below for your review.
Inflation fears are also a factor but Bitcoin seems to compete with gold
The gold market
experienced good amount of selling between 1835 and 1841 during the last few months, a break above it can trigger another leg higher, failure will send this market to being the range bound it has these past few months.
If you are looking at longer term trades, MICRO gold is a good, smaller size alternative.
Some traders like to use combination of futures and options, example long the futures, selling a call on rallies and using the premium to buy puts in case of a pullback. Many ways to lose money in the trading world and very few to try and profit…..
Knowing your risk is the first step, managing your risk is the 2nd step. Evaluating the trade, positions and market dynamics is an ongoing process.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
Futures Trading Levels
Economic Reports, source:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
Tags: Daily Chart Gold Market > Daily Gold Chart > Day Trading Gold Futures > Futures Gold > Futures gold chart > Gold Chart > Gold Chart for Review > Gold Daily Chart > Gold Futures
Posted in: Future Trading News | futures trading education | Gold Futures