Natalie.Gin
Short

SHORT TERM CORRECTION

COMEX:GC1!   GOLD FUTURES
254 3 12
SHORT TERM CORRECTION
Natalie Dunno...Looks pretty bullish to me! Risen above the October low (1243) and in an upward channel (that is sometimes bearish I admit) I kinda like the idea of it going to 1300! (And there are 3 bars at 1308 +/- a point) That being the high area of Nov. That spike bar in Nov to 1338 was an aberration caused by the Donald. So I would ignore that as a point of resistance. At 1300 it could go into a short term correction. Wouldn't it be nice to go to 1308 again! I like the idea of an April Bull Call Spread Buy 1270C Sell 1300C cost about 600 bucks each! If it went to 1300 by April end you would make 30 points.
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JB16 glennjoy1
@glennjoy1, she was on the spot man!!!! wow
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@JB16, Absolutely! And I'm really glad (believe it or not)...I wasn't even looking for a gold trade until I saw Natalie's post! Great work Natalie! I say 'When ya wrong ya wrong get over it and make money!' (ie go short in this case)
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