Which Way Will Gold Go?

Today we're following gold futures (GC) as we continue to look for profitable trading opportunities throughout the market.
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Hey Trader,

Today we're following gold futures (GC) as we continue to look for profitable trading opportunities throughout the market.

Currently, the GC is near the top of the channel in our timeframe charts. One of two things could happen. First, the market could rally and push above the top of the channel and form a new high. Second, the GC could sell off and drop to the bottom of the channel before returning to a bullish rally.

Either way, it would be wise to wait for the GC to decide between either of those options before looking for opportunities to jump in. We don't want to buy just before a potential sell-off. Such a risky move would lose us money! For now, we'll watch the GC and see which way it goes. Be sure to follow my timeline charts to know when it's time to trade the GC market!

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THE NEWS DESK

Tesla is getting a boost from this major announcement

A car rental company is ready to make the switch to EVs, and Tesla is their choice

Oil prices continue to surge as energy crunch gets worse

Banks expect the price of oil to keep going up as the energy crisis grows bigger

Can Amazon keep up with holiday demands despite supply chain issues?

The online retailer claims it's ready for anything, but can it truly deliver?

Can you spare a few minutes?

That's all it takes to potentially start earning an extra $400 to $1,000 per day. Josh Martinez is showing ordinary investors how to access a little-known portal in their brokerage account to potentially amass a quick fortune. A minimum average investment of $500 could potentially generate a $50,000 payout! Get the details here.

WORDS TO TRADE BY

"The four most dangerous words in investing are, it's different this time."

— Sir John Templeton

Follow market trends and history. Don't speculate that this particular time will be any different. As crazy as the market may seem, the data consistently backs up the idea that looking at overall market history is a good way to predict the economic future.

How the market reacts hasn't changed. It's an institutional system that involves decisions being made by thousands of investors. That's why market history is a sound way to see what's going to happen, especially when a particular trend develops.

Unprecedented changes in the market are rare. And when something radical happens, the market always returns to normal - Sometimes sooner than later.

Keep Trading,

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Hypothetical or Simulated Results

Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

There is a very high degree of risk involved in trading. For our full disclaimer, visit: http://tradersagency.com/risk-disclaimers

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