|September 1, 2017|
|MONTHLY TREND MOMENTUM||1260||Bullish|
|The gold futures contract closed at 1322 The market closing above the 20 SMA 1260 is confirmation that the trend momentum is bullish. A close below the 20 SMA would negate the bullish long-term trend to neutral.|
|MONTHLY PRICE MOMENTUM||1254||Bullish|
|With the market closing above the VC Monthly Price Momentum Indicator of 1254 it confirms that the price momentum is bullish. A close below the VC Monthly, would negate the bullish signal to neutral.|
|MONTHLY PRICE INDICATOR –||Exit||LONGS||Exit||SHORTS|
|Look to take profits if short on corrections at the 1275 – 1229 levels and go long on a weekly reversal stop. If long, use the 1229 level as a Monthly Stop Close Only and Good Till Cancelled order. Look to take profits on longs, as we reach the 1350 – 1379 levels during the Month.|
|Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts. It is for educational purposes only.|
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