Wedge Pattern On Gold Shows Two Trading Opportunities.

Gold Futures:

1025am est

– Gold futures trading at the highs of the wedge pattern, so we have two options for trading opportunities:

o I can trade the breakout above 52.6 with profit targets of 54.0, 57.0, 58.5, and then 62.0 for the hard final target.

o I can sell the highs of the wedge with entry short below 49.7, and profit targets of 48.5, 47.5, 45.5 soft, and then all the way down to the major support at 42.8 for the hard target.
 
 

Day Trade Gold Futures

Gold Up-Date

– Profit targets of 50.8 P HOD, trend line as the 2nd target around 1352.0, soft 54.0, and hard final target of 58.5 1/4



Gold Futures Reversal



– Crude oil futures are trading flat in the middle of the trade range from this morning, and we don’t have many options at this time, besides the breakout below 82.00, the big round number.

– Entry short below 82.00 with profit targets of 85, 75, soft 81.45, and then all the way down to the hard final target of 80.85 (trend line on the 13range chart)


Day Trading Crude Oil Futures