Commodity Trade Mantra

Posts Tagged ‘Resistance Level’

Day Trading With Pivot Points, Tick and Vwap

Day trading originated with floor traders & there are a lot of ways to day trade. Swing traders are familiar with support & resistance lines drawn from prior lows and highs on a chart. We can do everything with just three tools: pivot points, tick and vwap. We will briefly explain each of these here.

Gold and Gold Stocks Ahead of the August Payrolls Report

A more likely explanation, at least for this week’s action in gold and gold stocks, is anticipation of the August payrolls report on Friday, given that the payrolls report is considered to weigh heavily in the Fed’s decision making.

Gold: The Hidden Agenda Behind The Bear Raid

Expect some short-term profit taking in Gold on options expiration manipulation – Will be a tough-to-seize buying opportunity because it may appear like the bears are back in control of the market

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