Daily Trading Strategies on Gold/Forex

if u are just trying to capture spot value, you can trade the spot futures contract which will be in line with loco London cash gold -minus the spreads for storage costs........between the location.
 
Would you clarify that, please. Are you saying that CMC Markets allows you to enter or exit a trade in spot gold during the weekend, or not?

That's all I am asking: is there any broker, besides Oanda, that offers that?
 
sorry I misunderstood your question, i dont know if there is any other broker who allows you to trade on the weekend......

but not sure why anyone would actually want to execute a trade on the weekend bc the market is closed and oanda is taking on the risk, that is probably why the fking price is 2.5 dollars wide in what is normally a .30-.50 mkt

sounds like to me without knowwing any details, admittedly, that you are getting jacked.....
 
Absolutely, I never trade (or even hold) spot gold on weekends, nor is that something of interest to me. I was primarily wondering whether the quotes that thebulliondesk.com was displaying could be actionable / tradable. Doesn't seem that way.

Although one would suspect that Oanda itself does have a set-up in place to lay off its risk, even over the weekend.
 
what charting service do you use? dont they supply cash prices....

another way to determine cash prices is to subract the cash to april (active month) arbitrage spread.


so today Fair market value is 4.40 cents betwwen april and spot


so ta the time of this email april is 667.50 so spot is like 663-663.30
 
Quote from Gold Trader:

gold would probably be breaking out of 670.

current price @ 669
long @ 669
stop @ 664
target @ 674
More...

i doubt the strength of gold at current price.

stoploss @ 666
 
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