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GoldBands

Gold Continues Selling Off and Hits 50 Day Moving Average

Short
Gold Futures (Apr 2017) (COMEX:GCJ2017)  
GoldBands  
COMEX:GCJ2017   Gold Futures (Apr 2017)
Gold futures movingaveragepriceaction heikinashi
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gold futures movingaveragepriceaction heikinashi
As the NYMEX session began this morning, the selloff in Gold continued and price hit the 50 day moving average @ 1210.80. That was my first profit target. A stronger than expected ADP jobs report this morning further increases the odds of a Fed rate increase this month.

Disclaimer: The post is for educational purposes only. Trade at your own risk.

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