Gold Futures trading can be challenging particular when this market is considered a safe haven during periods of turmoil or uncertainty. The Gold Futures market does present some great trading opportunities and our Pro Traders at GMT Futures have identified several systems that are tracking exceptionally well. Our trading team has created a very profitable multi-system trading strategy to take advantage of the Gold Futures Market.
The first of the trading systems we will be previewing today is our Fib Trader. For those who like trading the Fibonacci numbers this system is proving to be a very profitable trading system within our portfolio. Attached is a video taking you through an example of the Fib TraderMACD Buy set-up to further explain the system.
Our second strategy used on the Gold Futures market is the Cycle trader which is perfect for periods of lower volatility and when the market is ranging as you can see is happening on the gold daily chart. To learn more about our cycle trader system please click on the link:
The Fortress system is the final strategy making up our powerful Gold Futures Multi System combination. The Fortress is designed to capture those breakout trending trades that you typically see on the gold market. You can learn more about the Fortress strategy by visiting:
Our Gold Futures Multi System trading strategy has continued to perform very well with the addition of two new strategies to bolster the weekly performance. The following results were recorded for April 2014:
Gold Futures System 1 – Fib Trader 22 – Gold 15 min weekly profit $1,000, Month $580
Gold Futures Multi-System Profit April 2014 $10,450 per contract.
So what does May 2014 hold in store for our gold traders let’s take a look at the daily charts
Gold Futures Summary
Gold Futures is currently at a crossroads with a price channel illustrating the conflicting forces that currently underpin this market.
We have a situation where low inflation reduces demand for precious metals which is pushing gold prices lower. Add in the fact that we have low interest rates and a weaker Dollar which combine to increase demand.
Spot gold futures continues to test support at $1300/$1280 per ounce. Should support not hold here we would expect to see prices retesting lower support at $1200, however, we can’t rule out a recovery to retest 1400 in the short term which looks more likely. Keep an eye on volatility, particularly our fortress strategy will be more sensitive to continued lower volatility levels.
p:+61 73360 0875 |e: info @ gmtfutures.com
Level 19, Waterfront Place, 1 Eagle Street, Brisbane, QLD, Australia, 4000
Trading involves the risk of loss as well as the potential for profit. Please be advised that any advice provided by Key Equity Education Pty Ltd including this video on Gold Futures Trading is general financial product advice only, and your personal financial circumstances have not been considered in its preparation. Please consult your licensed financial consultant to decide if trading in Securities, Derivatives, & Foreign Exchange is suitable for your personal financial situation.