Updating the pictures in gold, silver and platinum where the ultra powerful rally in Gold continues to be fed by the decline in the U.S. $ as well as daily changes in the current Trade Wars and changes within the Federal government. This has placed stronger upside pressure on Gold. Pull backs in gold are not producing the Fibonacci guided levels I would expect. That, though could change and I'll be keeping tabs on the US Dollar and the bond markets as well as any changes in the Trade Wars to suggest a larger pull back taking place in gold and the other precious metals. That change would be enhanced by resolution(s) of the Trade War(s) or the US $ catching a strong bid to bring the currency back above 100.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.