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Gold Outlook / Opinion & Trading Levels 4.03.2020

Posted on by Ilan

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Dear Traders,

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From my colleague David register of ExitPoints.com
Gold outlook/opinion was shared with me this morning (make sure to use your own judgement – always!!):
My short term indicators show gold is oversold. The low on 4/1/2020 is likely the end of the corrective decline over the past five trading days. It is possible the upward trend in June Gold will continue over the next 3 to 8 days. My preference is to Trade gold from the long side. This analysis is wrong if the price declines below 1576.00, the low of 4/1/2020.***
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***The recommendations contained in this letter are of opinion only and do not guarantee any profits

Good Trading

Trading Futures, Options on Futures, Gold 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

04-03-2020

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Economic Reports, source: 

https://bettertrader.co

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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 and Gold Futures.

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