Today we followup on the Gold (GC) futures trade from last week. We had initiated the longs after a run on the stops occurred on the 240 minute price chart. This then ran higher and triggered the compression breakout, which in turn triggered the weekly bull flag setup and lead to today’s large rally in this market. Don’t forget to like and subscribe for more great content every weekday!

Recent Related Articles

Exploring the Future of Options Trading with AI

Exploring the Future of Options Trading with AI Exploring the Future of Options Trading with AI...

Decoding Trading Systems and Indicators

Decoding Trading Systems and Indicators Decoding Trading Systems and Indicators Trading systems...

Discover the Best Live Trading Rooms for Maximum Profits

Discover the Best Live Trading Rooms for Maximum Profits Live trading rooms have become...

The Ultimate Beginner’s Guide to Trading

The Ultimate Beginner's Guide to Trading Trading is a financial activity that has gained...

Unlocking Momentum Breakouts for Maximum Profits

Unlocking Momentum Breakouts for Maximum ProfitsAre you tired of the same old trading strategies...

Intro to Credit Spreads: How to Trade Them

In the world of options trading, credit spreads are a popular strategy used by seasoned investors....

How to Avoid Walking Off a Cliff in Hiking, and in Trading

Ever go hiking?  Most people have tried it at least once.  And most people know that when hiking,...

How to Get Started with Trading – Without Losing Your Shirt… and Pants

It seems that everyone knows somebody who claims to have made a fortune in the markets.  The...

Finding the BEST Markets to Trade with Value Charts® and MetaStock

Where do you get your tips for your next stock purchase?  Perhaps you hear trading tips from...

Trading Options Gives You Options

Not, that’s not a typo.  We’re saying that when you trade stock options, it gives you lots of...