Gold Futures

Category Archives: Gold Futures


Gold Futures Outlook/ Chart Review & Support and Resistance Levels 11.10.2021

November 9th, 2021 Filed under Future Trading News, futures trading education, Gold Futures | Comment (0)

Dear Futures Trader,

Get Real Time updates and more on our private FB group!

Daily chart of gold futures below for your review.

Notice a few recent TECHNICAL buy signals appeared on the daily chart.
Inflation fears are also a factor but Bitcoin seems to compete with gold for attention.
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.
Gold Futures Chart 11.10.2021

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

11-10-2021

Futures Support and Resistance Levels 11.10.2021

 


Economic Reports, source: 

https://bettertrader.co/ 

 

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.


Weekly Newsletter 1064: FREE Futures eBook, Gold Future Review & Support and Resistance Levels 8.30.2021

August 27th, 2021 Filed under Gold Futures, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Letter Issue # 1064

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!

FREE Futures Forthright Premium eBook

Available For Instant Download Written By Cannon Trading Staff

Written by our very own staff of brokers, this eBook is designed as a guide to the commodities market for both beginners and veterans alike. Inside you can find:
• A plan with steps that may lead to success
• Steps Towards Mastering your Day Trading
• The top mistakes traders make daily
• How to handle the market noise
• and much more…..

The futures industry is complex and risky, which is why you need someone to be forthright with you…. Download eBook instantly.

Hot Market Review: Gold

 

Gold Futures Chart 8.27.2021

Z GOLD HIGH 1821.60 **
200 DAY MA 1819.60 **
POSSIBLY EXPLOSIVE ABOVE
**1828.70 TEST AREA / 61.8% **
TREND LINE ALSO!!
ALGO LONG @ 1815.90
***************
M 01st HIGH 1922.00
Q 09th  LOW 1677.90
FIBO’S
38.2% = 1771.10
50.0% = 1799.90
61.8$ = 1828.70 **
****************
LOW 1785.20
CLOSED 1819.50 **** UP 24.30
200 DAY 1819.60 ****

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

08-30-2021

Futures Trading Levels for August 30th 2021

 

Weekly Levels

#ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F #ZB_F #ZS_F #6E_F

#ES_F #NQ_F #RTY_F #SI_F #GC_F #CL_F #ZB_F #ZS_F #6E_F

Trading Signals for commodities

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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


Weekly Newsletter #1051 Options on Futures, Market Pick on Gold and Futures Levels for the Week Ahead 5.17.2021

May 14th, 2021 Filed under Gold Futures, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1051

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Get Real Time updates and more on our private FB group!

Trading 102: Options on Futures In Depth Information (Note: When volatility is SO HIGH, options can provide additional ways for possible hedging and alternative speculation – our brokers will be happy to assist)

A comprehensive resource for information on options on futures
In this section you will read and learn about the following:
*Options Basics
*Options Strategies for Bullish set ups
*Options Strategies for Bearish set ups
*Options Strategies for Neutral set ups
*Selling Options Premium – an overview
And much more!

Market Pick Review for the Week:

Gold futures finished the trading week with strength. Looking at the daily chart below, I like the formation and the strength into the weekly close to confirm two trading signals I personally like:
The Blue arrow (highlighted) and the bars turning green (Highlighted as well)
Gold Futures Chart Outlook
To access a free trial to the ALGOS shown in the chart along with other tools? (Arrows possible buy/sell, diamonds = possible exit/ tighten stops) visit and sign up for a free trial for 21 days with real-time data.
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

5-17-2021

 

Weekly Levels

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

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 herein 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 judgment in trading


Weekly Newsletter #1034 – Trading Futures vs. ETs, Stocks & Gold Snap Shot, Support & Resistance Levels 1.11.2021

January 8th, 2021 Filed under Gold Futures, Metal Futures, Weekly Newsletter | Comment (0)

Cannon Futures Weekly Newsletter Issue # 1034

Dear Traders,

Like us on FaceBook!
Get Real Time updates and market alerts on Twitter!
Trading 201: (Day) Trading Futures vs. ETFs, Stocks
By: John D Thorpe, Cannon Trading Senior Commodities Broker
According to the Wall Street Journal, assets in Exchange Traded Funds (ETFs) have grown to roughly $2 trillion dollars since their inception. Exchange Traded Funds were created to compete with the $20 trillion dollar Mutual Fund Market as it was the only market in which you could achieve broad class diversity outside of individual stocks. ETFs were also designed to overcome the drawback that mutual funds could only settle on the close of daily business at their Net Asset Value (NAV). Previously, broad diversification across market sectors could only be purchased or sold at the close of the business day based on the equity, bond or raw material elements included in the weighted averages of every component of the sector mutual fund—thus, ETFs came into play.
The first Exchange Traded Fund, the Spider or SPDR, was the S&P 500 depository receipt which was designed to track the S&P 500 stock market Index and began trading in January of 1993. No longer could an investor achieve broad market exposure on just the close of the business day, but could now buy and sell the broad market at any time throughout the trading day. Market makers and specialists provided liquidity for ETFs and continue to do so today.
During the May 2010 so called “Flash Crash”, the NYSE cancelled all trades …..
Gold Snap Shot by Mark O’Brien, Senior Broker:
As can be the case in any asset, what starts as a moderate correction can turn into a dramatic washout. In the case of gold futures today, its ± $85 intra-day sell-off – easily slicing through $1900/ounce down to the mid-$1850 area – almost certainly involved margin and other money-oriented liquidations. As an added catalyst, look to the disappointing non-farm payroll numbers. Further soft U.S. economic data would point to lower inflationary concerns and tamp down on bullish sentiment for the precious metal.
The case for any price reversal will look for continued dollar weakness and the overall sentiment that demand improvement for commodities across the board will continue tracking its established 3-4-month uptrend as the markets look through current events.
Gold Futures Daily Chart

gold futures sell off on unemployment 01.08.2021

To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.

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

1-11-2021

Futures Trading Levels 1.11.2021

 

Weekly Levels

Weekly Support & Resistance Levels 1.11.2021 - 1.15.2021

Reports, First Notice (FN), Last trading (LT) Days for the Week:

https://mrci.com

Date Reports/Expiration Notice Dates

MRCI Reports 1.11.2021-1.15.2021

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 herein 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 judgment in trading


Gold weekly chart +Support & Resistance Levels 6.21.2018

June 20th, 2018 Filed under Commodity Brokers, Commodity Trading, Day Trading, Future Trading Platform, Futures Broker, Gold Futures, Metal Futures | Comment (0)

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Follow us on Twitter and receive real time trade updates, market developments and breaking news!!
Gold WEEKLY chart for your review below.
This Sunday night I got the first weekly sell signal since the end of 2017. You can see the little red arrow along with the current bar marked in red. Just because a signal happened, does not mean we will see a sell off but for me personally it is a good probability that the pressure is stronger to the downside. I like some of the option plays one can do using vertical put spreads.
The chart above includes some proprietary studies/ALGOS.
These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals 

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.

Futures Trading Levels

06-21-2018

Contract September 2018  SP500 #ES_F Nasdaq100  #NQ_F Dow Jones  #YM_F Mini Russell #RTY_F BitCoin Index #XBT_F
Resistance 3 2801.25 7461.33 25029 1737.83 7109.66
Resistance 2 2789.75 7398.92 24944 1725.87 6961.28
Resistance 1 2780.25 7351.58 24803 1718.83 6857.81
Pivot 2768.75 7289.17 24718 1706.87 6709.43
Support 1 2759.25 7241.83 24577 1699.83 6605.96
Support 2 2747.75 7179.42 24492 1687.87 6457.58
Support 3 2738.25 7132.08 24351 1680.83 6354.11
Contract August Gold #GC_F July Silver #SI-F Aug. Crude Oil #CL-F Sept.  Bonds  #ZB_F Sept.  Euro #6E_F
Resistance 3 1284.9 16.48 67.89 144 27/32 1.1749
Resistance 2 1281.7 16.43 67.12 144 19/32 1.1713
Resistance 1 1276.7 16.36 66.33 143 31/32 1.1685
Pivot 1273.5 16.31 65.56 143 23/32 1.1649
Support 1 1268.5 16.24 64.77 143  3/32 1.1622
Support 2 1265.3 16.19 64.00 142 27/32 1.1586
Support 3 1260.3 16.12 63.21 142  7/32 1.1558
Contract July  Corn #ZC_F July Wheat #ZW_F July Beans #ZS_F July SoyMeal #ZM_F July Nat Gas #NG_F
Resistance 3 367.0 509.2 917.00 348.10 3.04
Resistance 2 361.8 499.6 906.50 343.00 3.01
Resistance 1 358.0 493.9 898.00 338.10 2.98
Pivot 352.8 484.3 887.50 333.00 2.95
Support 1 349.0 478.7 879.0 328.1 2.9
Support 2 343.8 469.1 868.50 323.00 2.89
Support 3 340.0 463.4 860.00 318.10 2.87

Economic Reports, source: 

http://app.bettertrader.co 

 

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.

Trading Tips You Can Use Right Away!


Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips
________
Doing Business With
See more...
Loading
Loading

Loading