Gold Racing Higher Into Monthly Supply

Gold Racing Higher Into Monthly Supply

The Gold price has been moving much faster than anticipated during our last Gold update. The 1700 resistance has been cleared easily and the price is now approaching the monthly supply zone starting at 1800.

Many Gold traders are going to start looking for shorts, but a look at the monthly price chart shows how strong the recent rally is. The price is trading at the highs of the current monthly candlestick, indicating a lot of bullish pressure. The Trend Rider is also still green, confirming the upside momentum.

We’d caution Gold bears and recommend waiting for a clear sign that sellers are entering the market. Volatility may increase once the price reaches the supply area.

 

Psychology is not the most important part of becoming a successful trader. This may sound a little strange coming from
Far more than 95% of traders lose money consistently. Knowing this fact which also has been proven by market research,
Welcome back to the Tradeciety Tuesday. Volatility is back in the Forex market and the price is moving again! But
Fundamentals...funnymentals. I remember a legendary trader saying that somewhere in the Market Wizards books, can't think of who it was,
When we start out as a Forex trader, we usually dive into the world of trading with three or four
* The following article is a guestpost. * Volatility is the heart and soul of option trading. With the proper

No Comments

Comments are closed.



Advertisement - External Link
Join our newsletter, get the free eBook and the webinar
10 Laws for Trading Success
Subscribe & Get eBook
I agree to the Privacy Policy
No thanks
10 Laws for Trading Success
Join our newsletter, get the free eBook and the webinar
Subscribe & Get eBook
No Thanks
I agree to the Privacy Policy

Cookie Consent

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button.