Factor Update, February 25, 2018

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Gold Resistance

 

Gold’s massive H&S bottom continues to develop, but overhead resistance could be stiff.  The technical significance of the resistance in the 1350 to 1390 zone in Gold cannot be over- stated. This zone has contained rallies in Gold on five occasions (including the current rally), as shown on the weekly chart.

 

 

My bias is that Gold will rip through resistance to commence a new bull trend (see monthly chart).

 

Peter Brandt Gold Resistance

 

Nevertheless, I cannot ignore the possibility that Gold might turn down hard from the overhead resistance – a decline toward 1230 is possible. I will closely monitor Gold with an interest to be long – I may use the London PM Gold fix as a proxy for a breakout.

 

Peter Brandt Gold Resistance Dail

 

Peter Brandt Gold Resistance London Fix

 

 

Prior blog posts on Gold can be found here: https://www.peterlbrandt.com/2018-gold-outlook/

 

Factor Membership

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Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

checkTrading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book
checkWeekend Update: 10-16 pages full of in-depth chart analysis and charting commentary
checkAlerts: Detailed information on specific charts as unique opportunities present themselves
checkMarket Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically
checkWebinars: Monthly member-only webinars where Peter speaks about current conditions and fields member questions
checkKnowledge Center: Fast and easy access to current and archived content from Peter’s extensive library of content
checkAutomatic notifications: Email and social media notifications are sent out when new content is published

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View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

Factor Trading - An Introduction

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The Economic Times February 19, 2018

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Factor Update, February 18, 2018

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The Economic Times February 14, 2018

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Factor Alert, February 14, 2018 — Misc. markets

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Factor Alert, February 12, 2018 — Breakout in Soybean Meal

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10 Yr Bond Yeilds

US 10-Yr

 

 

 

U.S. 10-Yr T-Notes

 

I have commented in recent Factor updates on the completed 6+ year double top on the monthly chart.  In last week’s (Member) Update I scolded myself for not having placed orders to short a retest of this top. I was not going to make the same mistake this week and a resting sell order was filled on Tuesday’s rally.   Factor is now short.

 

 

Factor Trading - Peter Brandt - US 10yr T notes

 

 

 

Factor Membership

.

Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

checkTrading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book
checkWeekend Update: 10-16 pages full of in-depth chart analysis and charting commentary
checkAlerts: Detailed information on specific charts as unique opportunities present themselves
checkMarket Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically
checkWebinars: Monthly member-only webinars where Peter speaks about current conditions and fields member questions
checkKnowledge Center: Fast and easy access to current and archived content from Peter’s extensive library of content
checkAutomatic notifications: Email and social media notifications are sent out when new content is published

.

View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

Factor Trading - An Introduction

.

sig

.

###

Factor Update, February 11, 2017

This content is for members only

2017 Best Dressed List — the very best of classical charting principles in 2017

This content is for members only