Anticipating The Rally In Gold


Our most recent daily setup in the June Gold Futures (GC) contract emerged from a symmetry support decision in the 3023.20-3030.90 zone.  The pullback zone was tested and held on 3/21.  The actual low was made at 3031.20, which was just slightly above the price cluster zone.  It was close enough to consider a buy entry.  

Once the lower time frame charts triggered with the 8/34 ema moving average crossover, we had reason to enter the long side and define our max risk below the 3031.20 low OR below the 3023.20, which was the low end of the cluster zone.  Support held, and what followed so far has been a $93.20 rally.

Now we have time resistance to this rally, so we are trailing up stops just in case timing kicks in!! 



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