Gold Resistance
/by Peter Brandt
Gold’s massive H&S bottom continues to develop, but overhead resistance could be stiff. The technical significance of the resistance in the 1350 to 1390 zone in Gold cannot be over- stated. This zone has contained rallies in Gold on five occasions (including the current rally), as shown on the weekly chart.
My bias is that Gold will rip through resistance to commence a new bull trend (see monthly chart).
Nevertheless, I cannot ignore the possibility that Gold might turn down hard from the overhead resistance – a decline toward 1230 is possible. I will closely monitor Gold with an interest to be long – I may use the London PM Gold fix as a proxy for a breakout.
Prior blog posts on Gold can be found here: https://www.peterlbrandt.com/2018-gold-outlook/
Factor Membership
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Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.
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The Economic Times February 19, 2018
/by Peter BrandtFactor Update, February 18, 2018
/by Peter BrandtThe Economic Times February 14, 2018
/by Peter BrandtFactor Alert, February 14, 2018 — Misc. markets
/by Peter BrandtFactor Alert, February 12, 2018 — Breakout in Soybean Meal
/by Peter BrandtUS 10-Yr
/by Peter Brandt
U.S. 10-Yr T-Notes
I have commented in recent Factor updates on the completed 6+ year double top on the monthly chart. In last week’s (Member) Update I scolded myself for not having placed orders to short a retest of this top. I was not going to make the same mistake this week and a resting sell order was filled on Tuesday’s rally. Factor is now short.
Factor Membership
.
Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:
.
View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.
I hope you will consider joining the Factor community.
.