Gold FuturesShort
I am posting another one...
I posted about Gold earlier today but it was on the GLD SPDR not the actual futures. On that chart almost everything posted pointed toward a downward movement. But what stumped me on the GLD SPDR, was that the MacD did not indicate a downward movement. So I thought I would look at the Gold futures to see what the indicators were saying because usually the SPDR follows the future (usually not always).
Well, the Gold future MacD is indicating a downward movement, so that makes me a little bit more confident about the SPDR making a downward movement. It will not be a strong downward movement as the ADX of the DMI is hovering around 12 but that could always move up.
I trade the SPDRs right now as opposed to the Futures due to less risk.
Well, the Gold future MacD is indicating a downward movement, so that makes me a little bit more confident about the SPDR making a downward movement. It will not be a strong downward movement as the ADX of the DMI is hovering around 12 but that could always move up.
I trade the SPDRs right now as opposed to the Futures due to less risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.