Spread GCG2020-GCM2020 Commodity Trading

COMEX:GC1!   Gold Futures
22 0
We look as a first thing at the spread indicator which is a trend following indicator and suggests if the direction of the Gold spread is bearish or bullish .
When the red line is above the green line the indicator is suggesting that the spread is bearish .
Before to enter short, we look at the seasonality indicator as well to receive a confirmation. The seasonality indicator is suggesting that the Gold market is 84% bearish .
Because both indicators are bearish , in our opinion an opportunity is coming for short positions and you may consider to sell the spread GCG2020-GCM2020
If you seasonality indicator would have suggested a bullish market for the Gold , that would have meant that the spread GCG2020-GCM2020 would have been out of seasonality and therefore we would have avoided the trade.
We look to our RS indicator to identify support and resistance levels.
According to our strategy, the support and resistance can be used respectively to set our take profit and stop loss
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