How Options Strategist Sosnick Is Trading Gold

The video tutorial explores the recent trends in the gold market, highlighting a 6% decline in gold prices due to dollar strength. It features expert insights from Steve Sosnik on trading gold, emphasizing an agnostic approach. The tutorial also covers the inverse relationship between gold and the dollar, the significance of moving averages in gold futures, and options strategies for hedging risks in gold trading.

What has been the primary factor affecting gold's performance in the futures market this year?

• Rising stock market volatility

• Strengthening of the dollar

• Decrease in gold mining

• Increased demand for gold

According to Steve Sosnik, what is crucial for successful gold trading?

• Only trading gold stocks

• Being agnostic and open to opportunities

• Being a goldbug

• Having a fixed view on gold

What does Steve Sosnik suggest traders should be cautious about when trading gold futures?

• The 1500 level and gradual declines

• The 1200 level and potential sharp bounce backs

• The 1000 level and steady growth

• The 1300 level and slow recovery

What is the significance of the 30-day moving average in gold futures trading?

• It shows the average gold price for the year

• It predicts future gold prices

• It indicates a long-term trend

• It highlights potential countertrend rallies

Why might a trader consider using call options in gold futures trading?

• To guarantee profits

• To eliminate all risks

• To protect against a price increase

• To increase their short position