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A Key Hurdle for April Gold

By: Rick Ackerman, Rick's Picks

 -- Published: Friday, 2 February 2018 | Print  | Disqus 

April Gold, most immediately the one shown at 1373.10 (see inset). Odds that it will be achieved within the next couple of days would shorten significantly if buyers are able to push easily past the 1354.30 midpoint resistance.  At the close of Wednesday’s regular session, buyers were stalled precisely at that number, but the shallow pullback so far is encouraging. A higher target of larger degree at 1394.20 that was first broached here a month ago still looks very likely to be achieved. (Note: We exited a profitable ‘counterintuitive’ trade around mid-session Thursday because it was taking too long to get airborne. The trade was associated with the 1373.10 target noted above.) Don’t forget to vote for Rick’s Picks in FXStreet’s 2018 ‘Best’ Awards.  Click here for a ballot and instructions. If you don’t subscribe but want to join in the fun, click here for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world.


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 -- Published: Friday, 2 February 2018 | E-Mail  | Print  | Source:

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