March 20, 2019

We’ve Struck Gold!

Gold futures started to break out today on this FOMC forecast session. No real surprises and the markets did rally up during the initial announcements, but we are starting to see /GC (Gold Futures) move and move on volume. There is a real chance Gold continues its ascension this year and hit the spot price of $1400 sooner than later. With gold also being watched as a bit of a hedge on this huge market rally of 2019, we might find more and more buyers as the year progresses along. If you haven’t been tracking gold in 2019, you should consider putting gold products on your watchlist.

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

Read Similar Articles

March 28, 2024

Wait! There Is An Options Greek Called Rho?

Out of all the Greeks in options trading, Rho is capable of providing uniquely critical insights that others cannot offer. Rho measures an option contract’s susceptibility to changing interest rates. We’ll explain how Rho by defining its specific functions, how interest rates impact options trading, and cover some pertinent scenarios. What is Rho in Options […]

Read Article
March 25, 2024

You Have A Lot Of Options Out There

There are a number of different types of options expiration types.  In the vast majority of our signals, our options will be categorized as “American”-style options.  There are some, like VIX options, that are “European”-style options.  Here’s a quick explanation of both. The term “American style” in relation to options has nothing to do with […]

Read Article
January 4, 2024

Funder Trading Review – Best Prop Trading Firm in 2024?

If you are actively trading in the stock market in 2024, chances are you’ve heard a new buzzword flying around: Prop Trading, short for Proprietary Trading. Whether you’ve tried prop trading or not – or have even heard of it at all – its popularity is quickly growing because it provides everyday traders with a […]

Read Article

Sign Up to Receive the Latest Trading Tips and News from Prosper

Categories

Most Popular

CONNECT WITH US

Read Similar Articles

March 6, 2025

Options Trading Mistakes That Can Blow Up Your Account (And How to Avoid Them)

Options trading offers huge potential rewards—but it also comes with serious risks that can be mitigated. I’ve seen traders time and time again jump in without fully understanding the mechanics, leading to costly mistakes that wipe out their accounts overnight. President Trump’s new tariff policies are shaking up global markets, adding another layer of uncertainty […]

Read Article
December 6, 2024

The Broken-Wing Butterfly: A Hidden Gem in Options Trading

Options traders employ numerous strategies to achieve their goals in the market, and the broken-wing butterfly is a particularly useful technique to have at your disposal. This guide will explain the strategy in detail and show you how it can potentially be leveraged in various situations to take advantage of the market environment. Want My […]

Read Article
May 8, 2024

What Is Delta In Options Trading?

Understanding the Delta of an option is crucial for both new and seasoned traders. It’s one of five specific calculations called “Greeks,” which help measure specific factors that could influence the price of an options contract. Delta is a metric that helps you gauge how much the value of an option contract is expected to […]

Read Article