Rocket Man

Well, here we go and let’s see how this reacts around 1,300.  I called this post Rocket Man because of the nature of the move in Gold, but also because it’s the first song that comes to mind when I look at this chart.  My target areas look like moons, but what the hell.

Silver is going along for the ride and will probably see resistance at 21 where its last top formed.  What’s interesting is this move so far this AM is happening without a dollar decline.  If and when the dollar continues its decline, this move could be historic.

Trade the extremes and manage risk!

Oh, and here’s the song…..

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About thefront9

Independent trader with a flexible approach to the markets. Position trading, swing trading and day trading using Futures, Equities and Options. This site is intended to help others (and myself) see what I see and to stay true to the discipline of making trades at the extremes. Contrarian and TastyTrade addict! Living in Texas with my family, helping others and maybe playing some golf from time to time makes life busy and great. Add a little music and humor and that just about sums it up. Trade the extremes and manage risk.....always!
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