Gold Settles Above 1900 for the First Time in a Long Time & Support and Resistance Levels 5.26.2021

Dear Traders,

Like us on FaceBook!
Get Real Time updates and more on our private FB group!
Nice close for gold futures, settling above 1900 for the first time in a while.
We shared the weekly chart on Friday along with a quick overview/ outlook.
Today’s price action is positive in our opinion for the technical picture of the yellow metal. Daily chart along with levels to watch in the chart below. Click for larger image.
210525 GCE

Good Trading

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

5-26-2021

17a39c98 db01 4a81 a2d4 31b099c12849

Economic Reports, source: 

 www.BetterTrader.co

bbd089d1 933f 4896 8407 51666c6f8fcd

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.

Leave a Reply