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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: 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. 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
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.
The GC has taken off like a rocket within the one-hour timeframe! The market has clearly broken through the top and is pushing bullish into 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! 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! This is a golden opportunity to make money in gold futures! The GC is clearly pushing upward as the overall trend is turning positive. 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, 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.
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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