Home Markets News Weather

Gold Trend Momentum Is Bearish

« Go Back

The VC Price Momentum Indicator
GoldWeekly Futures Swing Reversion Trading Instructions
February 9, 2018

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.


GOLDWEEKLY SUMMARY

TREND MOMENTUM: 1319 Bearish
PRICE MOMENTUM: 1325 Bearish
PRICE INDICATOR:
EXIT LONGS:
2 ) 1365
1) 1340

EXIT SHORTS:


  1. 1300

  2. 1285

WEEKLY TREND MOMENTUM
Thegold futurescontract closed at 1316. The market closing below the 9 day SMA 1319 is confirmation that the weekly trend momentum is berish. A close above the 9 SMA would negate the weekly bearish short-term trend to neutral.

WEEKLY PRICE MOMENTUM
With the market closing below the VC Weekly Price Momentum Indicator of 1325, is confirmation that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR
Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1300 - 1285, and go long on a weekly reversal stop. If long, use the 1285 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1340 - 1365 during the week.

Gold Weekly Continuation Candlestick Chart
Gold Weekly Continuation Candlestick Chart

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts. This report is for educational purposes only.

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off