quantguy

Best Trading Ideas for Gold

Long
COMEX:GC1!   Gold Futures
Gold had another bitcoin-like spike in price and has been ranging about 1807, our upper Fibonacci anchor. It looks like it is making another attempt for a run, but this is quite overextended at the moment. Although the Kovach OBV was strong, it has leveled off. The Kovach Chande has dipped, but it seems it might be on an upswing. The level 1807 will now become support, and the next target is a Fibonacci extension at 1832.

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