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.

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