Learn Commodity Trading: Gold hits 3 of our Profit Targets

Learn Commodity Trading: Gold hits 3 of our Profit Targets

Learn Commodity Trading with us. Gold hits 1st 3 out of our 5 set Profit Targets. In our blog post dated 2nd of May 2021, we discussed the aspects of Continuation Pattern in relation to the live price of Gold.

When you start to Learn Commodity Trading with us you will be trained in the various aspects of Flag as a Continuation Pattern. When you Learn Commodity Trading with us you will come to know that:

1. A Flag can be Bullish/ Bearish
2. A Flag appears during a brief pause in the trend
3. A Bullish Flag appears as a Falling Wedge (with parallel lines) in an Up Trend
4. A Bearish Flag appears as a Rising Wedge (with parallel lines) in a Down Trend

In the blog post for Commodities Basics (dated 02.05.2021), we identified the Bullish Flag for Spot Gold in the weekly chart  as detailed below:

1. The Poll of the Bullish Flag is drawn from the swing low (also happen to be a Trough) of week number 12 (16-Mar-2020) to the swing high (also happen to be a Peak) of week number 32 (03-Aug-2020)
2. The upper resistance line is drawn from the swing high (also happen to be a Peak) of week number 32 (03-Aug-2020) to the swing high (not a Peak in this case) of week number 01 (04-Jan-2021)
3.  The lower support line is drawn from the swing low (not a Trough in this case) of week number 33 (10-Aug-2020) to the swing low (also happen to be a Trough) of week number 49 (30-Nov-2020)

When you Learn Commodity Trading with us you will be in a position to continuously set these profit objectives and hit the same with a very high rate of success. When we wrote our blog post for Spot Gold dated 02.05.2021, the price level was at 1,769.2 and we also wrote, “Our price objectives to the upside for Gold if its price stays above 1,721.3 (in a weekly time frame) and 1,796.2 (in a daily time frame) are as below:

1. 1,798.1
2. 1,817.1
3. 1,836.1
4. 1,877.7
5. 1,928.1

Indeed Gold stayed above our price levels of 1,721.3 and 1,796.2 and did achieve the 1st 3 profit targets already as below:

1. Spot Gold achieved our 1st Profit Target of 1,798.1 on 03.05.2021
2. Spot Gold hit our 2nd Profit Target of 1,817.1 on 06.05.2021
3. Spot Gold reached our 3rd Profit Target of 1,836.1 on 07.05.2021
4. Spot Gold is yet to reach our 4th Profit Target of 1,877.7 and
5. Spot Gold is yet to reach our 5th Profit Target of 1,928.1

When you Learn Commodity Trading with us you will be in a position to derive benefits on a consistent basis week after week, month after month and year after year as we are repetitively demonstrating in this blog space.

If you’re interested to learn Commodity Trading with us, you should start by taking a course in Commodities Basics trading. A Commodities Basics course will give you a good foundation on where to begin in commodity trading. You will learn the ins and outs of Commodities Basics as well as how to develop a strategy that suits your particular goals.

You should also find a mentor who is an active trader. There’s no better way to learn about Commodities Basics than from an active trader that has found success trading commodities. Our Commodities Basics course offer students the opportunity to learn from traders through one-on-one coaching.

To learn to trade Commodities Basics offers a great investment opportunity for traders looking to diversify and increase their profits. If you haven’t invested in commodities, you’re missing out on a great opportunity.

To know how to Trade gold and these type of Markets through Our Prop Trading Method in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Written by

Partha

Partha Banerjee is the Founder, Principal Trader, and Director of N P Financials Pty Ltd, one of Australia’s most respected ASIC-regulated proprietary trading and trader-training firms and an AFSL holder. With decades of experience across multiple market cycles, Partha is known for his disciplined, structure-first trading approach, grounded in transparency, risk management, and real-market execution.

He actively trades the same strategies he teaches, specialising across Forex, Equities, Commodities, Indices, Cryptocurrencies, and intraday markets. Under his leadership, N P Financials has become a globally recognised trading education and proprietary trading organisation, earning multiple national and international awards for regulatory excellence, educational depth, and long-term trader outcomes.

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