In my view, the gold is still in the big resistance zone. I might consider short if it breaks up all the previous highs and flush the stops.
A basic support/resistance trade idea. I'd like to initiate the trade if the price actually come to the levels.
This is the weekly chart of the natural gas. you can see the long term trendlines. It may test the one of trendlines. If it does, it'll be a possible long opportunity. I'll stay cautious with this idea, because it can just bounce before reaching the trendline. I would never go short with rising global demand.
long opportunity if the price touches the level within next 24 hours, which means the market is in panic.
I think the euphoria hasn't come yet I think something like this will develop.
This consolidation possibility came to my mind after daily-timeframe analysis. If this really plays out, I'm gonna enter major long positions around the green area.
I'm bullish on Natgas in long term. Demand for Natgas should be increasing due to the needs for clean energy to replace dirty energies like coal. Current structure is giving some hint for an bullish move, so I expect at least some rise.