{"id":14193,"date":"2018-04-23T12:16:05","date_gmt":"2018-04-23T20:16:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14193"},"modified":"2018-04-24T00:12:05","modified_gmt":"2018-04-24T08:12:05","slug":"gold-demand-hurt-bitcoin-levels-trading-april-24th-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gold-demand-hurt-bitcoin-levels-trading-april-24th-2018\/","title":{"rendered":"Gold Demand Hurt by Bitcoin – Levels for Trading on April 24th 2018"},"content":{"rendered":"

____________________________________________________________________<\/em><\/strong><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet\u00a0 \u00a0for 2016!!<\/em><\/strong><\/p>\n

____________________________________________________________________<\/em><\/strong><\/p>\n

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

Bitcoin Nipping At Gold Demand<\/p>\n

by\u00a0DEBBIE CARLSON<\/p>\n

Supply & Demand<\/strong>
\nThe World Gold Council (WGC), the trade group representing the gold industry, said in its fourth-quarter Gold Demand Trends report that the yellow metal’s global, full-year demand fell by 7% last year. ETF demand in 2017 was one-third of 2016’s pace, although 2016 was the second-highest year on record.<\/p>\n

Rhind and Thomas say the people who were interested in bitcoin were drawn to the parabolic price rise, rather than viewing it as having the same risk management role in their portfolio as gold does.<\/p>\n

“Almost to the person, they all thought bitcoin<\/a> was exploding, and they didn’t want to miss ‘the move’ … no one ever mentioned safety to me,” Thomas said.<\/p>\n

<\/p>\n

\"\"<\/a><\/div>\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.\u00a0 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

Futures Trading Levels<\/strong><\/p>\n

4-24-2018<\/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 2018<\/td>\n\u00a0SP500 #ES_F<\/td>\nNasdaq100\u00a0 #NQ_F<\/td>\nDow Jones\u00a0 #YM_F<\/td>\nMini Russell #RTY_F<\/td>\nBitCoin Index #XBT_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2713.42<\/td>\n6846.83<\/td>\n24807<\/td>\n1592.07<\/td>\n9985.37<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2699.08<\/td>\n6787.42<\/td>\n24681<\/td>\n1583.13<\/td>\n9507.13<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2685.92<\/td>\n6735.58<\/td>\n24543<\/td>\n1574.57<\/td>\n9178.35<\/td>\n<\/tr>\n
Pivot<\/td>\n2671.58<\/td>\n6676.17<\/td>\n24417<\/td>\n1565.63<\/td>\n8700.11<\/td>\n<\/tr>\n
Support 1<\/td>\n2658.42<\/td>\n6624.33<\/td>\n24279<\/td>\n1557.07<\/td>\n8371.33<\/td>\n<\/tr>\n
Support 2<\/td>\n2644.08<\/td>\n6564.92<\/td>\n24153<\/td>\n1548.13<\/td>\n7893.09<\/td>\n<\/tr>\n
Support 3<\/td>\n2630.92<\/td>\n6513.08<\/td>\n24015<\/td>\n1539.57<\/td>\n7564.31<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold #GC_F<\/td>\nMay Silver #SI-F<\/td>\nJune Crude Oil #CL-F<\/td>\nJune\u00a0 Bonds\u00a0 #ZB_F<\/td>\nJune\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1348.5<\/td>\n17.53<\/td>\n71.47<\/td>\n143 22\/32<\/td>\n1.2406<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1343.0<\/td>\n17.33<\/td>\n70.25<\/td>\n143 12\/32<\/td>\n1.2372<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1334.7<\/td>\n16.97<\/td>\n69.58<\/td>\n143\u00a0 5\/32<\/td>\n1.2314<\/td>\n<\/tr>\n
Pivot<\/td>\n1329.2<\/td>\n16.78<\/td>\n68.36<\/td>\n142 27\/32<\/td>\n1.2280<\/td>\n<\/tr>\n
Support 1<\/td>\n1320.9<\/td>\n16.42<\/td>\n67.69<\/td>\n142 20\/32<\/td>\n1.2222<\/td>\n<\/tr>\n
Support 2<\/td>\n1315.4<\/td>\n16.22<\/td>\n66.47<\/td>\n142 10\/32<\/td>\n1.2188<\/td>\n<\/tr>\n
Support 3<\/td>\n1307.1<\/td>\n15.86<\/td>\n65.80<\/td>\n142\u00a0 3\/32<\/td>\n1.2130<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly\u00a0 Corn #ZC_F<\/td>\nJuly Wheat #ZW_F<\/td>\nJuly Beans #ZS_F<\/td>\nJuly SoyMeal #ZM_F<\/td>\nMay Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n382.3<\/td>\n487.9<\/td>\n1052.00<\/td>\n385.90<\/td>\n2.82<\/td>\n<\/tr>\n
Resistance 2<\/td>\n380.7<\/td>\n484.3<\/td>\n1046.75<\/td>\n383.60<\/td>\n2.79<\/td>\n<\/tr>\n
Resistance 1<\/td>\n379.6<\/td>\n479.4<\/td>\n1039.50<\/td>\n379.90<\/td>\n2.77<\/td>\n<\/tr>\n
Pivot<\/td>\n377.9<\/td>\n475.8<\/td>\n1034.25<\/td>\n377.60<\/td>\n2.74<\/td>\n<\/tr>\n
Support 1<\/td>\n376.8<\/td>\n470.9<\/td>\n1027.0<\/td>\n373.9<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n375.2<\/td>\n467.3<\/td>\n1021.75<\/td>\n371.60<\/td>\n2.69<\/td>\n<\/tr>\n
Support 3<\/td>\n374.1<\/td>\n462.4<\/td>\n1014.50<\/td>\n367.90<\/td>\n2.66<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:<\/strong>\u00a0<\/strong><\/p>\n

http:\/\/app.bettertrader.co\u00a0<\/a><\/p>\n

\"Economic<\/p>\n

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\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0\u00a0TraderPlanet\u00a0 \u00a0for 2016!! ____________________________________________________________________ Dear Traders, Bitcoin Nipping At Gold Demand by\u00a0DEBBIE CARLSON Supply & Demand The World Gold Council (WGC), the trade group representing the gold industry, said in its fourth-quarter Gold Demand Trends report that the yellow metal’s global, full-year demand fell by 7% last […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,67],"tags":[1332,350,144,1331],"class_list":["post-14193","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-future-trading-news","tag-bitcoin-nipping","tag-economic-reports","tag-futures-trading-levels","tag-gold-demand"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14193","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=14193"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14193\/revisions"}],"predecessor-version":[{"id":14197,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14193\/revisions\/14197"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}