Trying to break below 50ma on weekly at 1818. Hasn't closed
below since 12/18. Trying a long at and giving some room but
not looking great at the moment.
Edit - It undercut the support about 1.5 points and then made
nice bounce up to VWAP around 1824.50. I'm out. Euro still weak so
feel like it could pull back and retest low, but maybe not. Looks
like it could be forming bull flag here, but I'm going to bed,
lol.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Gold futures Trying to break below
Posted by racerick on 4th of Feb 2021 at 01:02 am
Gold futures
Trying to break below 50ma on weekly at 1818. Hasn't closed below since 12/18. Trying a long at and giving some room but not looking great at the moment.
Edit - It undercut the support about 1.5 points and then made nice bounce up to VWAP around 1824.50. I'm out. Euro still weak so feel like it could pull back and retest low, but maybe not. Looks like it could be forming bull flag here, but I'm going to bed, lol.