Good morning, Daily Direction readers!
Our focus is on gold futures (GC) again as the market is poised to make a major movement at any time! Both the long-term and short-term directions for the GC are bullish.
We’re actively looking for opportunities to buy the GC market right now. To get more info on my trading systems that you can use with this strategy, be sure to check out my website!
Right now, the GC is in an up channel, with the market at the top of the channel in the one-hour time frame.
We’re waiting to see if the market breaks through the top of the channel or drops down to the bottom. Once either happens, we’ll be prepared to utilize our buy-in strategy accordingly.
Good morning, Daily Direction readers!
Our focus is on gold futures (GC) again as the market is poised to make a major movement at any time! Both the long-term and short-term directions for the GC are bullish.
We’re actively looking for opportunities to buy the GC market right now. To get more info on my trading systems that you can use with this strategy, be sure to check out my website!
Right now, the GC is in an up channel, with the market at the top of the channel in the one-hour time frame.
We’re waiting to see if the market breaks through the top of the channel or drops down to the bottom. Once either happens, we’ll be prepared to utilize our buy-in strategy accordingly.
Daily Timeframe Analysis
Looking at our daily timeframe, we see the GC market pushing bullish 1871.6. The market is working its way through a known point of resistance but will continue to march upward within the current trend.
With such a strong bullish push in the daily timeframe, it’s a good idea to turn to the one-hour timeframe to look for opportunities to buy the market at a low price as it rallies higher.
DAILY TIMEFRAME
The long-term direction is up for the GC
1-HR TIMEFRAME
The short-term direction for the GC is up
THE BOTTOM LINE
The GC is pushing through the top of the channel
Learn more about the Daily Direction Indicators here…
As gold pushes to a new high price, our trendlines will play an important role in helping us find good trades in the GC market. If you’re not sure how to draw accurate trendlines, be sure to check out this article I wrote that will help you!
One-Hour Timeframe Analysis
The one-hour timeframe reveals the GC pushing through the top of the channel in a clear bullish push. If the market can clear that resistance, we can expect it to rally to a new high price above the channel.
If not, the market should bounce back down toward the bottom of the channel before starting a new bullish push. Either way, we can expect a bullish trend that will give us a chance to buy the market. We’ll continue to actively search for buying opportunities until something changes.
The Bottom Line
We’re actively looking for a chance to buy the GC as the market pushes strongly toward a new high price. Both the daily and one-hour timeframes reveal the market is moving higher.
With the long-term and short-term directions being up for the GC, we’ll want to keep watching our timeframe charts as the market gives us opportunities to make profitable trades!
Are you ready to jump in and work on growing your trading account? Then take what you’ve learned here and use my trading strategy to make it happen! It’s something you can start today with no hassle.
Keep On Trading,
Mindset Advantage: Balance In Everything
When it comes to your mindset for trading, you’ll find that your ability to cope with the markets, bad trades, good trades – whatever – has more to do with how you spend your time outside of trading. More specifically, how much balance you have.
In fact, of your total state of readiness 10% may have to do with charts and price levels. The other 90% has to do with how rested you are. How focused you are. How happy you are.
Find a balance that works for you and begin the path towards happy trading.
Traders Training Session
Stay tuned for my next edition of Josh’s Daily Direction.
And if you know someone who’d love to make this a part of their morning routine, send them over to https://joshsdailydirection.com/ to get signed up!
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