For a speculative trade: Buy Jan Gold (GCF13) between 1668 and 1660. Scale in buy at that level. Upside target 1695.
We put in a 5 month low on January 4th at 1626. We had a nice 75.00 rally and peaked at 1697. No surprise we didnt get the actual 1700 print.
I like buying this break. Keep your sell stops reasonable. Risk 5 dollars. Upside target is 30 bucks away. That’s a 5:1 risk reward.
If you don’t buy futures, buy march 1700 calls for 11.00. That’s 32 days of upside particicpation for $1100.00 risk.
