Gold futures GD sell opportunities from monthly supply
The and basic core rules do not allow to buy when a bigger timeframe supply has gained control. No longs are allowed. Potential shorts in the form of new lower timeframe supply levels can be formed on the way down which can provide us with new short trading opportunities on Gold futures and related assets.
As of writing, the yellow metal is trading at $1,304 per Oz. The dollar index ( DXY ), which tracks the value of the American currency against majors, is currently trading at 96.42; up 1.3 percent from the low of 95.15 seen on Jan. 31.
We don’t need in order to make a trading decision when we analyse the markets using imbalances. We can see that Gold futures is out of balance with a fresh monthly in control. It does not matter if JP Morgan is or on gold . Analysts at JP Morgan believe 2019 could turn out to be an asset-reflation year, courtesy of the Fed’s dovish shift. As a result, classic safe-haven assets like gold could remain under pressure.
We just don’t pay attention to what analysts have to say about Gold futures or any other asset. strong monthly supply is in control? Short bias