Market Overview Technical Analysis

Gold Futures (GC) Analysis: Multi-Year Support Now Resistance

Multi-Year support level successfully holds as resistance. Is Gold oversold in the short term? Sell-off followed by consolidation pattern on the 4-hourly chart. Multi-Year Support Now Resistance If we rewind to last month, we watched gold break below the major support after holding for over two years. We stated that the level could turn into Read More…

Technical Analysis

Multi-year Support Broken On Gold Futures (GC)

A recap of last week’s analysis. Multi-year support broken to the downside after 2 years A look into the Fibonacci Fan Analysis Last Week’s Recap Two potential scenarios were given for GC in our analysis from last week. Scenario two has played out with the gold price finally breaking below the multi-year support, which has Read More…

gold futures
Strategies Technical Analysis Trading Tips

Technical Outlook on Gold Futures (GC)

Major Support Zone Proving to be strong on the Daily chart Downtrend Channel on the 2-hourly chart Potential 1-2-3 Reversal pattern on Daily Chart What Has Happened? Since August 31, we expected some strong support around the $1,715.3 level; we have seen that play out now with bids coming in the past week as the Read More…

Gold bars pure
Analysis Market Overview Technical Analysis Trading Tips

Gold Futures (GC) Prices Approach Major Support

Test of a major support zone possible Short trade results from a retracement into the Gaussian channel RSI oversold on shorter time frames Daily Chart The daily outlook has been bearish for the past six months, with prices dropping 19.27% from the peak on March 8. The major support zone at $1,715.3 has been tested Read More…

commodities trading and precious metals price
Funded Trading

What Is Commodity Trading – Basics

Commodity trading is a unique practice that can diversify your trading portfolio and help you gain valuable experience. As a commodity trader, you’d get the chance to invest in real, physical goods and substances – metals, oil, food and agricultural products, and more.  However, just because you’d be dealing with real commodities instead of handling Read More…