Good morning, Traders!
Gold futures are providing a great trading opportunity right now. The GC has moved +350 ticks in the last 48 hours! This is something I’ve kept my eye on for some time now, and things are definitely looking up.
The market has finally broken the counter trendline, so the long-term and short-term directions are up! For a refresher on the differences between short-term and long-term trading, check out this video I made!
If you’ve been waiting for the right moment to jump in, now is the time! As we break the counter trendline, the market will quickly move to new high prices. So you want to grab the GC at a low price before it rockets away!
Let’s jump into the timeframe analysis to get a better look at the GC’s movement:Daily Timeframe Analysis
The GC has clearly pushed through the counter trendline in the daily timeframe (upper grey line) and into the buy zone. If you’re waiting for the greenlight to jump in, this is it!
Gold has moved +350 ticks in just two days. That’s an impressive jump, to say the least. We expect the overall trend for the GC to be upward now that the market has crossed the counter trendline.DAILY TIMEFRAME
The direction within the daily timeframe is up for GC
The short-term direction of the GC is up
The GC is U-turning off support and headed for a new bullish push as it breaks the counter trendline
Learn more about the Daily Direction Indicators here…
The GC has crossed the counter trendline (top grey line) and is moving into the buy zone. The overall direction for the GC is now up!
We’ll want to turn to the one-hour timeframe now to confirm our opportunities to execute our entry strategy for the GC market.
But before you do that, be sure to read more about entering the market on counter trendline breaks. You’ll find the information very relevant to this trade.
One-Hour Timeframe Analysis
The GC has taken off like a rocket within the one-hour timeframe! The market has clearly broken the counter trendline and is pushing bullish through the buy zone.
Remember that we use the one-hour timeframe to determine how and when we execute our buy-in strategy. So if you want to get in on the GC’s rally, you’ll need to watch this timeframe chart!
The GC is clearly pushing bullish in the one-hour timeframe as it moves through the buy zone
But before you try to make this trade happen, you need to make sure you understand the basics of my strategy. Take a look at my free resources to learn more about becoming the best futures trader you can be!The Bottom Line
This is a golden opportunity to make money in gold futures! The GC is clearly pushing upward as the overall trend is turning positive.
We’ll want to keep an eye on our timeframe charts so we can make sure we get our entries right for the GC. It’s easy to mess up a trade even when it looks like everything is working out perfectly. That’s why you’ll want to follow me as I show you how to use the right tools and strategies to make winning trades in the futures market!
If you want to get in on gold futures, now is the time!
As you watch the GC continue its rally, now is the time to get the tools you need to become a successful futures trader. And I’m here to help you realize your money-making potential in futures. Just follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!
Keep On Trading,
Mindset Advantage: Breathe
If you’re not breathing, you’re not focused. If you’re not focused, you can’t see the market. Opportunities slide by in an instant. Hazards reveal themselves only when it’s too late.
You need to breathe. Breathing exercises have proven to reduce stress and increase focus.
Sure, you’re already breathing if you read this. But when you trade… you need a breathing regimen. Whatever it is: Through your nose, out your mouth counting to 10 or 100. Find a method and routine that works for you.
You’ll find balance, clarity and focus when you trade. Your heart rate will come down and you’ll just feel better.
Try it. And enjoy your trading.Traders Training Session
Understanding Trading Margin and Managing Losing Trades
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