Trading Strategy : Gold Futures Forex Stock Prices forecast - May 2020

Friday, May 29, 2020 EST
Today is the weekend and the end of the month at the same time. There is likely to be a very fierce battle in the market. It can be a truning point of the market flow. I think we'd better to be careful today.


E-mini S&P 500 Futures (CME: ES)
Trade : SELL, Entry 2947.9, Target 2325 (622.9, +21.13 %), Stop 3004 (56.1, -1.9 %), Note : Now may be the time to think of selling, to find an opportunity to sell. The rebound seems to be over. Posted at 06:20 May 19 (Tue) (EST).


Market : Gold (XAU/USD, Spot Gold)
Date : Wednesday, May 13, 2020. 01:18 EST
Note : Gold prices are taking tedious side steps. Sooner or later, they will start to fall or rise. Meaningful price lines are $1715 and $1685. When they break the price lines, they will move in that direction. Then, it would be good to enter the market.


Market : Gold (XAU/USD, Spot Gold)
Date : Wednesday, May 6, 2020. 04:03 EST
Note : Gold prices are likely to rise very small in a few days. We can think of buying when they break over $1710, in that case, the resistance line will be 1727. If this week's closing price ends above $1,740, they may climb to $1,825. If this week's closing price ends below $1,689, they may drop to around $1,640.


Market : Gold (XAU/USD, Spot Gold)
Date : April 24 (Fri) 09:06 (EST)
Note : In the gold market, buy and sell sides are in a fierce standoff. If the close price of today is higher than 1705, the gold price may go up to 1725 or so. If the close price of today is lower than 1695, the gold price could go down to around 1640.


Market : Australian Dollar (AUD/USD Forex)
Trade : SELL the Breakdown
Entry : 0.6382
Target : 0.56 (0.0782, +12.25 %)
Stop : 0.657 (0.0188, -2.95 %)
Date : May 5 (Tue) 08:47 (EST)
Note : The Australian dollar rebounded strongly. Now, the rebound seems to be over. It would be better to find an opportunity to sell.


Market : SILVER (Spot, XAG/USD)
Trade : SELL the Breakdown
Entry : 14.65
Target : 11.5 (3.15, +21.5 %)
Stop : 15.85 (1.2, -8.19 %)
Date : May 4 (Mon) 10:30 (EST)
Note : Silver prices are likely to fall again. They may fall below 10 dollars.


Market : E-mini S&P 500 Futures (CME: ES)
Trade : SELL the Bounce
Entry : 2870
Target : 2325 (545, +18.99 %)
Stop : 3004 (134, -4.67 %)
Date : May 3 (Sun) 09:14 (EST)
Note : S&P 500 Futures prices have hit a strong resistance line. Their rebound seems to be over. It would be better to close the buy-position and find an opportunity to sell.


Market : PLATINUM (CME NYMEX: PL Futures)
Trade : SELL the Bounce
Entry : 799
Target : 400 (399, +49.94 %)
Stop : 867.5 (68.5, -8.57 %)
Date : Saturday. May 2, 2020. 06:29 (EST)
Note : It would be better to consider selling platinum. If platinum prices go up, it will be a good opportunity to sell. The resistance line will be 867, and the next support line will be 400.


Market : Gold (XAU/USD, Spot Gold)
Date : May 1 (Fri) 09:06 (EST)
Note : As already said, in the short term, gold prices are falling. Next week, the volatility of gold prices is likely to increase very much. For gold to rise again, they must take over $1715. However, in the short term, it doesn't seem easy. The short-term support line is $1640 and $1585.



Reference Only. If you are looking for a reference for real trading, this may be the right place. I hope you do not copy, but hope you get your own better strategy by referring to the above and make a good trading.