GC - Gold broke the A/R and now...

COMEX:GC1!   Gold Futures
...the next Target is the Lower Medianline Parallel ( L-MLH ).

My thoughts are going even more the next A/R set which is at least around 1250 (in a couple weeks).
But maybe that is just wishful thinking or, the potential of the A/R sets.

Always remember: Markets don't, or very seldom go straight to the target. Markets are swinging up and down.
This is why we need to be patience, keep our stops behind structures and pivots and if necessery, play it very small or even stay on the sidelines. Opportunities are never ending, as long as there is a, no hurries to jump in a cold river - the next good trade will come for sure.

Comment: Reaching the L-MLH, we should take at least partial profit.
Let's see if Gold can break the slanted support.
Comment: To me, this looks like a range play.
Buy the bottom, sell the top and vice versa.

No intention to do much directional.
Playing it with options like strangles and collect time premium.

Free Mini Crash Course:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out