{"id":17244,"date":"2021-10-28T12:23:28","date_gmt":"2021-10-28T20:23:28","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17244"},"modified":"2021-10-28T12:23:28","modified_gmt":"2021-10-28T20:23:28","slug":"gold-chart-review-and-outlook-support-and-resistance-levels-10-29-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/gold-chart-review-and-outlook-support-and-resistance-levels-10-29-2021\/","title":{"rendered":"Gold Chart Review and Outlook &#038; Support and Resistance Levels 10.29.2021"},"content":{"rendered":"<p>Dear Traders,<\/p>\n<div align=\"left\">\n<div align=\"center\">\n<div align=\"center\">\n<div style=\"text-align: center;\">Get Real Time updates and\u00a0more on our private FB group!<\/div>\n<div style=\"text-align: center;\"><a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001KRg6On04gjknOfysn89cEhkyXgAxXigZc1_AdekBblRz4Cwp2yofkpGH8rpms9Q30D0wjhFS1q8yG11pQf1KRy2bpIyH4uwMgzWcI-wb74TdqgA-DQitbpTeoWmib8qwdH8ve86kM_6EWihst10TitotvFRrtw2C0HgnNGJLkXUXb6ec7AaQGNxU6EuLQxHI&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: center;\">\n<div>*Heads up: Start trading\u00a0January <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/grains\/Soybeans-Futures\">beans\u00a0<\/a>&#8211; November beans entering first notice day.<\/div>\n<div>You should be already trading\u00a0December <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/energies\/Natural-Gas-Futures\">natural gas<\/a>.<\/div>\n<div><\/div>\n<div><\/div>\n<h1><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">Gold<\/a> Daily Chart below&#8230;..<\/h1>\n<div>Potential long signal was generated today( based on personal technical factors I use) &#8211; Looking at the quote below, my biggest battle in this hypothetical example would be:<\/div>\n<div><\/div>\n<ol>\n<li>Entry level ( market? wait for lower price? enter if price breaks above?)<\/li>\n<li>Exit in case of loss<\/li>\n<li>Exit in case of profit<\/li>\n<li>Trade size?<\/li>\n<li>If at a loss will I exit all? or in parts?<\/li>\n<li>If profit achieved will I exit part of the trade? ( assuming I am trading more than 1 contract or perhaps MICROS)<\/li>\n<li>Do I need to bring stop to <a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trailing-stops-to-manage-your-risk-support-and-resistance-levels-9-21-2021\/\">breakeven<\/a> at any point ( if certain profit achieved?)<\/li>\n<\/ol>\n<div>Obviously the answer to all of the above will change from trader to trader but bringing these points up can hopefully help you approach trading from a different angle.<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\u201cEvery battle is won or lost before it is ever fought.\u201d<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<div>Sun Tzu<\/div>\n<div>The Art of War<\/div>\n<div>This passage \u2013 dating back the 6th\u00a0century B.C. \u2013 can aptly be applied to trading futures.\u00a0Prepare for each trade.\u00a0Set your risk.\u00a0If the initial outcome is favorable, use your enemy\u2019s resources (move your stop) to sustain your trading.<\/div>\n<div>Don\u2019t engage in extended battles (over trade) and consume your resources (money, time, mental energy).<\/div>\n<div>Your \u201cenemy,\u201d (the market) only has the power to destroy your account if you let it.<\/div>\n<\/div>\n<div><\/div>\n<div style=\"text-align: center;\"><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/47a4d3ef-f5a6-42a3-98a3-3fd8a4ea9808.png\" alt=\"Gold Futures Chart \" width=\"1088\" height=\"864\" title=\"\"><\/a><\/div>\n<div style=\"text-align: center;\"><\/div>\n<h3 style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/h3>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>10-29-2020<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/7bcfc40a-c02a-4858-9e7b-e12166926ac5.png\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<h3><a href=\"http:\/\/www.forexfactory.com\" target=\"_blank\" rel=\"noopener\"><br \/>\n<\/a><strong>Economic Reports, source:\u00a0<\/strong><\/h3>\n<p><a href=\"https:\/\/bettertrader.co\/\" target=\"_blank\" rel=\"noopener\">https:\/\/bettertrader.co\/\u00a0<\/a><\/p>\n<div class=\"pagearrange__layout-row full\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div class=\"flexShell\">\n<div id=\"flexBox_flex_calendar_mainCalCopy1\" class=\"flexBox calendar\" data-more=\"0\" data-initcallback=\"calendar\" data-updatecallback=\"calendar\" data-visiblejs=\"[]\" data-disablejs=\"[]\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/037c00b0-ca10-4720-a7f2-f427d2a68fa1.png\" alt=\"\" title=\"\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. 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":"<p>Dear Traders, Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ *Heads up: Start trading\u00a0January beans\u00a0&#8211; November beans entering first notice day. You should be already trading\u00a0December natural gas. Gold Daily Chart below&#8230;.. Potential long signal was generated today( based on personal technical factors I use) &#8211; Looking at the quote below, my [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[119,67,358],"tags":[1338,1192,1270,1015,54,51,115,605,95,450],"class_list":["post-17244","post","type-post","status-publish","format-standard","hentry","category-crude-oil","category-future-trading-news","category-futures-trading-education","tag-brent-crude","tag-crude-inventories","tag-crude-oil-and-futures","tag-crude-oil-chart","tag-crude-oil-daily-chart","tag-crude-oil-futures","tag-crude-oil-futures-chart","tag-crude-oil-futures-market","tag-crude-oil-futures-trading","tag-crude-oil-inventories"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17244","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=17244"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17244\/revisions"}],"predecessor-version":[{"id":17245,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17244\/revisions\/17245"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}