Living on the Edge

Gold futures are up against significant resistance, which is also in line with the psychologically significant $1800 level. A break and close above this level could help spur another leg hihger, with the next resistance coming in from 1841.40-1852.80. On the flipside, a failure could send prices back near $1750. Keep a close eye on the USD and geopolitical tensions as these could be the catalyst to spur the next technical move.

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.