OffTheFloorTrader

We'll take the chicken to go...

COMEX:GC1!   Gold Futures
Winner winner Chicken dinner! GC1! hit our last target and we are flat. We are still interested in gold but will wait to see if we get any bounces to establish a new position (smaller). If the "go or no go" area fails to hold we will most likely see more downside.

Go back and look at our recent GC1! charts and see how this set up and how we managed it. Not all trades work to final targets but this did and it is a good lesson.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.