Trading short on gold (XAU/USD), trading long on the Dow Jones, trading futures [Video]
|Yesterday, Gold hit a key level of support at around $1858 with the next key level below at $1840.
Of course, we need to see a break of support or a bounce off this upper trend line of a descending triangle which may be forming.
Both Brent Crude and WTI seem to be a “one-way” market these days with prices still climbing as demand returns.
Many traders are simply “buying the dip” on the H1 or shorter time frames.
We see both the NASDAQ and the S&P 500 hitting all time highs but Wall Street, or the Dow Jones Industrial Average, has slipped slightly but this gives investors and traders the chance to “buy the dip” here as well.
You may have noticed that Valutrades has introduced new Futures contracts on Crude Oil, Gold, the US Indices, and the DAX.
The advantage of futures is that you can Swing Trade (trade day to day or week to week) without paying any finance or Swap charges.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.