Yes, early July 2017 was LOW for remaining of year (please check on daily). What does that mean for us traders? To set up long GC/Gold trades for rest of year very soon. Trading is simple, see price action and trade it. I am getting better results with longer term trading, then shorter. But to each their own.
I just set up a 0.50% ( 1/2 % stop loss) on intial trade entry and each catch right Trade Train or get stopped out. If Trade Train goes my way, then move stop loss as needed. You do Quality trading, not Quantiny trading which is why 90% of traders, do not trade anymore. Money managment is key for this adventure.
I see 1240.00 to 1300.00 as Gold/GC range for remainder of 2018. What is $60 in GC futures worth? Remember, that every 0.01 move with GC is $10.00 profit or loss. How about $60,000. Daily or Swing traders can make several trades or long term traders could find a major support (maybe now?) and buy/hold.
As all investing decisions, you need to understand both political, economic, fundamental and technical issues, before doing any trading. Good Luck
I just set up a 0.50% ( 1/2 % stop loss) on intial trade entry and each catch right Trade Train or get stopped out. If Trade Train goes my way, then move stop loss as needed. You do Quality trading, not Quantiny trading which is why 90% of traders, do not trade anymore. Money managment is key for this adventure.
I see 1240.00 to 1300.00 as Gold/GC range for remainder of 2018. What is $60 in GC futures worth? Remember, that every 0.01 move with GC is $10.00 profit or loss. How about $60,000. Daily or Swing traders can make several trades or long term traders could find a major support (maybe now?) and buy/hold.
As all investing decisions, you need to understand both political, economic, fundamental and technical issues, before doing any trading. Good Luck