{"id":11205,"date":"2016-04-28T12:11:35","date_gmt":"2016-04-28T20:11:35","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11205"},"modified":"2017-07-03T04:34:20","modified_gmt":"2017-07-03T12:34:20","slug":"gold-futures-break-heres-trading-strategy-use-4-29-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gold-futures-break-heres-trading-strategy-use-4-29-2016\/","title":{"rendered":"Gold Futures Could Break Out — Here’s the Trading Strategy You Could Use 4.29.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Friday April 29, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

For\u00a02016\u00a0I would like to wish all of you discipline and patience in your trading!<\/i><\/p>\n

Voted #1 futures trading blog!<\/a><\/p>\n

Greetings!<\/p>\n

\n

The day after FOMC is many times the most important one for future direction of the markets…..On a correlated note, my short term outlook for gold as published on thestreet.com:Gold Futures Could Break Out — Here’s the Trading Strategy You Should Use<\/a><\/p>\n

If you do need feedback, would like to chat\/ consult with an experienced broker about any specific markets or strategies, feel free\u00a0to contact us.<\/a><\/p>\n<\/div>\n

Featured System of the Month ( including real-time performance):\u00a0Axiom Index II WFO NQ Trading System<\/a><\/b><\/p>\n

\n
\n

GOOD TRADING<\/strong><\/p>\n

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.<\/p>\n<\/div>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/div>\n<\/div>\n

Futures Trading Levels<\/a><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract June 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2117.25<\/td>\n4513.25<\/td>\n18201<\/td>\n1170.13<\/td>\n95.21<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2105.75<\/td>\n4477.75<\/td>\n18094<\/td>\n1162.27<\/td>\n94.89<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2088.25<\/td>\n4417.25<\/td>\n17930<\/td>\n1150.63<\/td>\n94.31<\/td>\n<\/tr>\n
Pivot<\/td>\n2076.75<\/td>\n4381.75<\/td>\n17823<\/td>\n1142.77<\/td>\n93.99<\/td>\n<\/tr>\n
Support 1<\/td>\n2059.25<\/td>\n4321.25<\/td>\n17659<\/td>\n1131.13<\/td>\n93.40<\/td>\n<\/tr>\n
Support 2<\/td>\n2047.75<\/td>\n4285.75<\/td>\n17552<\/td>\n1123.27<\/td>\n93.08<\/td>\n<\/tr>\n
Support 3<\/td>\n2030.25<\/td>\n4225.25<\/td>\n17388<\/td>\n1111.63<\/td>\n92.50<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/td>\nJuly Silver<\/td>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\nJune \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1313.6<\/td>\n18.34<\/td>\n47.41<\/td>\n165 5\/32<\/td>\n1.1469<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1292.7<\/td>\n18.02<\/td>\n46.77<\/td>\n164 11\/32<\/td>\n1.1426<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1281.0<\/td>\n17.83<\/td>\n46.21<\/td>\n163 22\/32<\/td>\n1.1397<\/td>\n<\/tr>\n
Pivot<\/td>\n1260.1<\/td>\n17.51<\/td>\n45.57<\/td>\n162 28\/32<\/td>\n1.1353<\/td>\n<\/tr>\n
Support 1<\/td>\n1248.4<\/td>\n17.32<\/td>\n45.01<\/td>\n162 7\/32<\/td>\n1.1324<\/td>\n<\/tr>\n
Support 2<\/td>\n1227.5<\/td>\n17.00<\/td>\n44.37<\/td>\n161 13\/32<\/td>\n1.1281<\/td>\n<\/tr>\n
Support 3<\/td>\n1215.8<\/td>\n16.81<\/td>\n43.81<\/td>\n160 24\/32<\/td>\n1.1252<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly SoyMeal<\/td>\nJune Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n409.6<\/td>\n510.0<\/td>\n1060.75<\/td>\n354.63<\/td>\n2.22<\/td>\n<\/tr>\n
Resistance 2<\/td>\n402.4<\/td>\n503.5<\/td>\n1053.50<\/td>\n347.27<\/td>\n2.19<\/td>\n<\/tr>\n
Resistance 1<\/td>\n396.8<\/td>\n494.5<\/td>\n1040.50<\/td>\n340.33<\/td>\n2.13<\/td>\n<\/tr>\n
Pivot<\/td>\n389.7<\/td>\n488.0<\/td>\n1033.25<\/td>\n332.97<\/td>\n2.10<\/td>\n<\/tr>\n
Support 1<\/td>\n384.1<\/td>\n479.0<\/td>\n1020.3<\/td>\n326.0<\/td>\n2.0<\/td>\n<\/tr>\n
Support 2<\/td>\n376.9<\/td>\n472.5<\/td>\n1013.00<\/td>\n318.67<\/td>\n2.00<\/td>\n<\/tr>\n
Support 3<\/td>\n371.3<\/td>\n463.5<\/td>\n1000.00<\/td>\n311.73<\/td>\n1.95<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports<\/strong><\/p>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:09pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriApr 29<\/td>\n1:30am<\/td>\nEUR<\/td>\n<\/td>\nFrench Prelim GDP q\/q<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n-0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Consumer Spending m\/m<\/td>\n<\/td>\n<\/td>\n-0.1%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nFrench Prelim CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00am<\/td>\nEUR<\/td>\n<\/td>\nSpanish Flash GDP q\/q<\/td>\n<\/td>\n<\/td>\n0.7%<\/td>\n0.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nItalian Monthly Unemployment Rate<\/td>\n<\/td>\n<\/td>\n11.6%<\/td>\n11.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\nNet Lending to Individuals m\/m<\/td>\n<\/td>\n<\/td>\n5.0B<\/td>\n4.9B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nM4 Money Supply m\/m<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n0.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\nMortgage Approvals<\/td>\n<\/td>\n<\/td>\n74K<\/td>\n74K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nCPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n-0.1%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nCore CPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n0.9%<\/td>\n1.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nItalian Prelim CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nUnemployment Rate<\/td>\n<\/td>\n<\/td>\n10.3%<\/td>\n10.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:00am<\/td>\nGBP<\/td>\n<\/td>\nMPC Member Cunliffe Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nCore PCE Price Index m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nEmployment Cost Index q\/q<\/td>\n<\/td>\n<\/td>\n0.6%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPersonal Spending m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPersonal Income m\/m<\/td>\n<\/td>\n<\/td>\n0.3%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\nChicago PMI<\/td>\n<\/td>\n<\/td>\n53.1<\/td>\n53.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nRevised UoM Consumer Sentiment<\/td>\n<\/td>\n<\/td>\n90.3<\/td>\n89.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised UoM Inflation Expectations<\/td>\n<\/td>\n<\/td>\n<\/td>\n2.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nUSD<\/td>\n<\/td>\nTreasury Currency Report<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span>Cannon Trading Inc<\/a>. 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.<\/span>
\n<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Friday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61],"tags":[949,929,144,329],"class_list":["post-11205","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-future-trading-news","tag-futures-trading-daily-support","tag-futures-trading-levels","tag-gold-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=11205"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11205\/revisions"}],"predecessor-version":[{"id":12791,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11205\/revisions\/12791"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}