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MGC

How to Manage Gold RisesGold is likely to continue its upward trend. And how I have been managing it both as an investor and a trader for the Gold. I hope this tutorial will be helpful for two groups of people: 1. Those who already have some positions and would like to know how to accumulate more, and 2. Those who do not yet have a position but are considering getting in and trading it, though you may be worried about entering at a peak, as gold continues to reach new highs. Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!Long
by konhow
1
Initiated a short position in GOLD, successfully reached target Gold may show bullish momentum at today’s open due to several key factors: Safe-Haven Demand: Rising inflation or economic instability often drives investors toward gold, bolstering its appeal. Weaker Dollar: A softer dollar makes gold more attractive to international buyers, supporting price gains. Interest Rate Outlook: Speculation around potential rate cuts or pauses makes holding gold more favorable, reducing its opportunity cost. Geopolitical Uncertainty: Tensions or instability in global markets can increase demand for gold as a safe asset. Technical Factors: A recent break above resistance or strong support levels can trigger technical buying, reinforcing an uptrend.
COMEX_MINI:MGC1!Long
by OssianH
China Halt Buying Gold - Time to sell? But when to buy again?Is there still demand for gold by central banks around the world, and is gold heading for a correction? We will look into some data on the central banks' interest in this precious metal and discuss how to trade gold during this period. Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!Short
by konhow
9
Lots of action in the metals - back in MGC/GLDFor active traders, the market action in the metals has been tremendous over the past month. We posted a short idea yesterday in copper HGU2020. The market is higher than our entry. The 7-day ATR in the GC is over $55 and we saw a nearly 4% decline in today's session. BTC and cryptos followed along lower. We're entering a long position MGCZ2020 based on a Ext Buy on the 1H timeframe. Chose to keep the position small given the large recent ranges and frankly because we got smacked around a bit today in our day-trading accounts in the big contract. Long MGC 1933, stp 1899, tgt 2003. Also adding back in to GLD Oct 185/195 Bull Calls at 2.75. We scaled 50% of original position at 3.5 yesterday.
COMEX_MINI:MGCZ2020Long
by TDGonTView