A close in GCQ11 below $1496 will signal a downtrend, and a projected target of $1400.
Currently gold is @ $1500/oz. A $100 per oz. price correction to $1400 is $10,000 per contract.
Risk Disclosure:
There is a risk of loss in trading. Whether it is commodities, stocks and/or options, only risk capital should be used when trading in the markets. Pacific Trading Academy is not a brokerage firm. What we teach our students in the program are not trading recommendations. Our instruction is for educational purposes only.
