Gold Futures Find Resistance - SPDR Gold Trust (ARCA:GLD)

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

February Gold futures are trading higher by $0.80 at $1076 in Tuesday's session. The contract is attempting to follow through on Monday's $15 rally, but is finding resistance in a familiar area.Until Monday's price action, the contract had traded no higher than $1081.40 since December 19. On Monday it reached $1083 before falling back to settle at $1075.20.Once again, that entire area as the contract has peaked at $1081.50. Gold futures have not close over $1080 since December 4, when it ended the session at $1084.10.

20-Year Pro Trader Reveals His "MoneyLine"

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