Gold Futures (May 2027) forum

2 hours ago

I'm seeing a lot of passive sell orders built up as well, to the tune of 4000 GC contracts over the whole of today. It could be a hedge position but with the way gold has been moving, I don't know how that would work out. Also looking at silver which is close to $50, and it has always dropped like a stone after hitting $50. My theory is that gold is also going to drop sharply once that happens. Gotta wait and watch, but right now it's just as easy as buy pullback and sell the top

dashyasin

7 hours ago

what's on gold!?? it's going up like rocket 🚀

FX_Professor

16 hours ago

Major resistance for Gold is now.. off to 4489 or time for 3600? We will know direction in the early Asian hours (Long over short under 3998$

Galadon17

20 hours ago

Gold is definitely blowing up to say the least. Govt shutdown certainly doesn't hurt, but I still think we are priced very much at a premium. Always better to trade what the market does than what you want the market to do though, and to be fair Gold doesn't have a whole lot of fundamentals working against it. FOMC meeting tomorrow should provide more clarity on if and possibly when a correction could occur. Right now, US govt resumption along with an unfavorable and late NFP data are the only fundamentals that can cause some form of correction (in the 2-300s. Probably best to favor longs till then