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Last week was probably the most epic geopolitical week in years. It featured yet another iteration of US/Chinese trade barbs, an escalation of Russian/US military tensions, and a missile attack by Yemeni rebels against Saudi Arabia. Countervailing these headwinds were…
Have a look at the possible leg higher I want to participate in…
While the equity markets have not completely left the confidence-shaking volatility from early February behind, their ability to maintain a good portion of their gains from the recovery bounce has calmed investors and softened the negative vibes in the commodity markets.
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Today was a Taylor Trading Sell Short day for the gold futures. There was an opportunity to sell overnight; a morning rally and selloff around President Trump’s US Dollar comments gave a second chance to sell. For Swing Trader’s Insight (STI) I had the gold futures labeled as a Sell Short day by the Taylor… Read more.
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Have a look at the 5 minute video below for my thoughts on the USD and GOLD
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In last night’s Swing Trader’s Insight I noted had gold futures for today as Monday saw range contraction (NR4) and was also a doji bar. The breakout setup told us to look for a potential large move in one direction or the other; we would seek to enter a trade in the direction of the… Read more.
The gold futures were one of many markets with a breakout setup for Friday. This setup helped us anticipate and trade today’s big rally. In last night’s edition of Swing Trader’s Insight I labeled gold as having a breakout setup for Friday, given the range contraction (Thursday’s range was 50% smaller than Wednesday) and doji… Read more.