Technical Forecast for Spot Gold


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


 

Spot Gold did make it through 1450 as hoped for 1469/70. We have continued higher over night & could reach as far as 1503 this week. Exit longs here & try shorts with the market looking over bought in the short term now but we need a stop above 1515 for 1540/50 & a selling opportunity here.
 
1469/70 is now good support but below here we could reach 1428/34 which should hold any weakness. We can try longs here with a stop below 1424.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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