{"id":14312,"date":"2018-05-29T12:23:16","date_gmt":"2018-05-29T20:23:16","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14312"},"modified":"2018-06-20T06:42:18","modified_gmt":"2018-06-20T14:42:18","slug":"makes-gold-move-5-29-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/makes-gold-move-5-29-2018\/","title":{"rendered":"What Makes Gold Move? – Resistance Levels 5.29.2018"},"content":{"rendered":"

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

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

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

Dear Traders,<\/p>\n

What are the Best Approaches for Long-Term Gold Futures Price Forecasting?<\/strong><\/p>\n

Author:<\/strong> Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.<\/p>\n

There is no easy answer to what the best strategy is to predicting price movement in\u00a0gold futures, much less any other commodity.\u00a0Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices.\u00a0One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.<\/p>\n

\"\"<\/a><\/p>\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

05-30-2018<\/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>\n2781.08<\/td>\n7120.33<\/td>\n25350<\/td>\n1658.23<\/td>\n8133.17<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2756.42<\/td>\n7063.67<\/td>\n25095<\/td>\n1644.47<\/td>\n7830.58<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2724.33<\/td>\n7003.83<\/td>\n24737<\/td>\n1634.73<\/td>\n7660.43<\/td>\n<\/tr>\n
Pivot<\/td>\n2699.67<\/td>\n6947.17<\/td>\n24482<\/td>\n1620.97<\/td>\n7357.84<\/td>\n<\/tr>\n
Support 1<\/td>\n2667.58<\/td>\n6887.33<\/td>\n24124<\/td>\n1611.23<\/td>\n7187.69<\/td>\n<\/tr>\n
Support 2<\/td>\n2642.92<\/td>\n6830.67<\/td>\n23869<\/td>\n1597.47<\/td>\n6885.10<\/td>\n<\/tr>\n
Support 3<\/td>\n2610.83<\/td>\n6770.83<\/td>\n23511<\/td>\n1587.73<\/td>\n6714.95<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAugust Gold #GC_F<\/td>\nJuly Silver #SI-F<\/td>\nJuly Crude Oil #CL-F<\/td>\nJune\u00a0 Bonds\u00a0 #ZB_F<\/td>\nJune\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1326.2<\/td>\n16.75<\/td>\n69.40<\/td>\n149\u00a0 3\/32<\/td>\n1.1913<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1318.8<\/td>\n16.64<\/td>\n68.48<\/td>\n147 25\/32<\/td>\n1.1829<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1311.5<\/td>\n16.53<\/td>\n67.65<\/td>\n147<\/td>\n1.1694<\/td>\n<\/tr>\n
Pivot<\/td>\n1304.1<\/td>\n16.42<\/td>\n66.73<\/td>\n145 22\/32<\/td>\n1.1610<\/td>\n<\/tr>\n
Support 1<\/td>\n1296.8<\/td>\n16.31<\/td>\n65.90<\/td>\n144 29\/32<\/td>\n1.1474<\/td>\n<\/tr>\n
Support 2<\/td>\n1289.4<\/td>\n16.20<\/td>\n64.98<\/td>\n143 19\/32<\/td>\n1.1390<\/td>\n<\/tr>\n
Support 3<\/td>\n1282.1<\/td>\n16.09<\/td>\n64.15<\/td>\n142 26\/32<\/td>\n1.1255<\/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>\nJuly Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n414.2<\/td>\n564.4<\/td>\n1056.75<\/td>\n396.00<\/td>\n3.12<\/td>\n<\/tr>\n
Resistance 2<\/td>\n410.3<\/td>\n556.8<\/td>\n1050.50<\/td>\n391.80<\/td>\n3.06<\/td>\n<\/tr>\n
Resistance 1<\/td>\n405.2<\/td>\n546.7<\/td>\n1040.50<\/td>\n386.00<\/td>\n2.98<\/td>\n<\/tr>\n
Pivot<\/td>\n401.3<\/td>\n539.1<\/td>\n1034.25<\/td>\n381.80<\/td>\n2.92<\/td>\n<\/tr>\n
Support 1<\/td>\n396.2<\/td>\n528.9<\/td>\n1024.3<\/td>\n376.0<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n392.3<\/td>\n521.3<\/td>\n1018.00<\/td>\n371.80<\/td>\n2.79<\/td>\n<\/tr>\n
Support 3<\/td>\n387.2<\/td>\n511.2<\/td>\n1008.00<\/td>\n366.00<\/td>\n2.71<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\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\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, What are the Best Approaches for Long-Term Gold Futures Price Forecasting? Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc. There is no easy answer to what the best strategy is to predicting price movement in\u00a0gold futures, much less any other […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,236],"tags":[36,329,1359,1358],"class_list":["post-14312","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-metal-futures","tag-gold","tag-gold-futures","tag-gold-futures-price-forecast","tag-gold-futures-prices"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14312","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=14312"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14312\/revisions"}],"predecessor-version":[{"id":14319,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14312\/revisions\/14319"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}