How Fed boosted gold prices!
Commodity Online | August 30 2016
UPDATED 09:08:57 IST

MCX Mentha Oil likely to move in a range of 971.1-996.9

MCX Aluminium may trade between 137-139.2 levels

MCX Nickel likely to move in a range of 957.6-994.2

MCX Zinc under short covering; Resistance seen at 165

MCX Copper under fresh buying; Support seen at 462.2

By Chris Vermeulen
Last week ended on a very positive note for those who follow and trade filtered price spikes. What is a filtered price spike? In short, I scan pre-market, and post-market trading hours’ price charts of SPY, QQQ, IWM, GLD, and GDX for a very special odd tick in the market which creates a spike on intraday.

These spikes could be to the upside or downside, does not matter. What they tell me is the direction which the market (market makers) are going to try and move the market in then next 48 hours.

As long as you can trade 1x, 2x or 3x ETFs, futures, Binary options, spread betting, or CFD’s, then you can take full advantage of these quick and powerful moves.

These spikes generally are not huge percent movers, typically range between 0.25% - 1.1%, but they are highly accurate and when leverage is used like trading futures you can pocket $250- $1500 quickly. I have found price spikes to work exceptionally well in predicting market-moving news before it takes place like Brexit and Friday’s FED decision. GLD (gold) which flashed us a with a buy signal 36 hours before gold shot up in price post the FED decision.

On Friday after the market closed I saw a spike up on the SPY chart. You can see what happened the next trading session once the market opened – Market rallied and spike was filled for a quick $450 profit.

In short, if you are looking for a few extra trades each month that are highly accurate and only put your money at risk for a very short period of time then you should look into getting my ETF trades and Spike Alerts.

Courtesy: TheGoldAndOilGuy.com