It’s time to reconsider this market

Good morning, Traders!

Gold futures (GC) are finally starting to break into the buy zone and could make a +1471 tick push to 1922.4! After seeing the market dip a bit after a consolidation range (sideways movement), it’s finally starting to push through the counter trendline and into an area where we can prepare to buy into the market.

Even with the information from this setup, It can be tricky to figure out when exactly to buy in. Be sure to read my article on how to enter the market on a counter trendline break!

For the long-term, the market will remain up as it fulfills the daily up Fibonacci extension, giving us plenty of opportunities to buy the market and make a profit.

Now let’s review the timeframe charts to see how we can prepare to trade the GC market:Daily Timeframe Analysis

The GC is now in a long-term uptrend as the market moves toward the up Fibonacci extension of 1922.4. As the market pushes into the buy zone, there’s an opportunity for a +1471 tick movement.

Read up on Fibonacci extensions before jumping into the rest of this setup. It’s vital information that you can’t do without.DAILY TIMEFRAME

The daily timeframe shows that the GC has moved into the buy zone

1-HR TIMEFRAME

The GC one-hour timeframe confirms an overall up direction

THE BOTTOM LINE

The GC has U-turned off and is moving upward

Learn more about the Daily Direction Indicators here…

Daily timeframe

The GC has pushed into the buy zone according to the daily timeframe. We’ll see the price continue to make positive gains on its way to the top of the channel (top grey line)

Now is the time to look at buying the GC as the price is at a low point within the buy zone. The sooner we move, the better buying price we get. That gives us more room to make money as the market continues its upward swing.

Now let’s turn to the one-hour timeline and discuss our entry possibilities:

Recommended Link:[Limited-Time Replay] How To Get Legal Inside Stock Tips Straight From The SEC 
Josh just hosted a groundbreaking live event with fellow trading pro Ross Givens to reveal the “secret” SEC loophole that allows corporate insiders to legally trade their own stocks… and also allows US to follow their moves to potential windfall gains! This event created so much demand that attendees literally crashed multiple servers trying to get access to the brand new service Ross just launched to take advantage of this loophole… so we’ve decided to post the on-demand replay for a limited time to allow everyone a chance to get in on this. Click here to view the full replay right now… and discover the best-kept secret that the financial elites do NOT want you to know!

One-Hour Timeframe Analysis

After getting stuck in a consolidation range (the market was trading sideways for an extended period of time), the GC finally broke the down trendline and entered the buy zone.

One-hour timeframe

The GC one-hour timeframe confirms that the market is in the buy zone. The price will move in waves as it heads towards the next Fibonacci extension

This could mean that the buyers are taking control and pushing the market upward. Our best strategy for the moment is to wait for the market to break a counter trendline and push bullish within the buy zone. If/when that happens, we’ll be ready to buy!

Drawing trendlines properly is crucial to getting these entries right! That’s why you need to read more about how to correctly draw trendlines before implementing this trade setup. Check out the info here.The Bottom Line

Both the long-term and short-term directions for the GC are up. We’re waiting for the market to break through a counter trendline within the one-hour buy zone. Once that happens, we’ll have opportunities to execute our buy-in strategy.

If you don’t have a strategy for buying into a market at the proper time, check out my free resources here to learn how to develop one!

The Bottom Line

The long-term and short-term directions for the GC are both up!

You have the information you need to trade the GC market, so what’s your excuse for not making it happen? There’s no reason why you shouldn’t get started today. Even if you have questions, I have the resources to help you find the answers. Bottom line: today is the day to start building your trading empire!

Keep On Trading,

Mindset Advantage: Accept

It’s not the market. It’s not your indicator. It’s TRADING.

Let it go. The first step toward consistent profits comes when you accept the reality that losses will occur.

Prices have a mind of their own at times. The institutions are at the wheel. The sooner you accept this, the more progress you’ll make.

Look at the past, but don’t stare. Accept what’s happened and move on.

Target tighter entries. Get the heck out of those losers you’re hanging on to.

Accept. And start to enjoy trading.Traders Training Session  

Don’t let sloppy stop orders ruin your trade!

Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

Reader interactions

2 Replies to “It’s time to reconsider this market”

  1. Josh, respect and thanks!

    Reply

    1. Traders Agency Analyst July 20, 2021 at 2:34 pm

      It's more than our pleasure to help our students! Thank your for leaving a comment, we love hearing from folks!

      Reply

Leave a Reply

Your email address will not be published.

Stop wondering what direction the markets are headed! Sign up right now to get Josh’s Daily Direction straight to your inbox each morning before the trading day even begins. Best of all – it won’t cost you a dime.