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Gold Market on Uptrend, Shows Positive Buying Signals

Commodities / Gold and Silver 2010 Jan 14, 2010 - 08:08 AM GMT

By: Matt_McKinney

Commodities

Today I Have The First Buy Signal In Over A Month! Please review my December 3rd analysis here: http://mckinneytrading...


MY ANALYSIS
Fundamentally, the GOLD market has rallied over $80.00/ounce in the last 13 days as investor money jumped back in.
Technically, the GOLD market is in an upward trend with 3 critical MA'S all pointing higher. See daily chart below.

OPTIONS PLAY
APRIL GOLD-1157/OUNCE
OPTION EXPIRY-MARCH 25TH
BUY APRIL 1225-1275 CALL SPREADS

By: Matt McKinney

Do you want to get more of our market insights?
Then please visit the McKinney Trading website today at http://mckinneytrading.blogspot.com for more news, analysis, and trade recommendations.

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
The limited risk characteristic of options refers to long options only; and refers to the amount of the loss, which is defined as premium paid on the option(s) plus commissions and fees.

© 2010 Copyright Matt McKinney - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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