{"id":20797,"date":"2023-04-13T07:30:03","date_gmt":"2023-04-13T11:30:03","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=20797"},"modified":"2023-04-13T07:30:03","modified_gmt":"2023-04-13T11:30:03","slug":"where-to-find-the-next-gold-trading-opportunity","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/where-to-find-the-next-gold-trading-opportunity\/","title":{"rendered":"Where To Find the Next Gold Trading Opportunity"},"content":{"rendered":"

Jeff’s Note: <\/strong>Today I’m putting my entire multi-million-dollar reputation on the line… by revealing the controversial strategy<\/a> that helped me achieve financial freedom at the age of 42.<\/p>\n

This was the same strategy that helped me profit right through massive stock market crashes like 2000, 2008, and 2020. And I do it by ignoring 99.9% of the stock market.<\/p>\n

Instead, I simply trade one stock over and over again to close returns of 373% in as little as eight days. If you haven’t watched the video where I unveil it all, there’s still time to see it… Just click right here.<\/a><\/p>\n

And below, continue reading for Imre Gams’ analysis on gold…<\/p>\n

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On April 3, I wrote about an exciting short-term opportunity in gold.<\/a><\/p>\n

I spotted a bullish triangle that was getting ready to break out, which would take gold prices higher.<\/p>\n

You can check out this setup below…<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

My upside target was $2,050. And just two days later, on April 5, gold went on to hit a high of $2,049.<\/p>\n

Sometimes, my price targets are accurate to the dollar. This trade got very close, missing the target by just $1.<\/p>\n

But trading is rarely picture-perfect. Being able to improvise and adapt in the moment is one trait that separates winning traders from the rest.<\/p>\n

As a result, it’s now best to get out of the trade and wait patiently for the next buying opportunity.<\/p>\n

Now here’s what I’m expecting to happen next… Take a look at gold’s updated price chart after the triangle broke out…<\/p>\n

<\/p>\n

\"Image\"<\/p>\n

As I mentioned earlier, gold got extremely close to my upside target of $2,050.<\/p>\n

The reason I had identified this price level as my target is because it coincides with a major top in gold dating back to March 2022.<\/p>\n

Back in March 2022, gold hit a high of $2,078 before pulling back all the way down to $1,686. This meant that there would still be stiff resistance anywhere near that $2,078 price point.<\/p>\n

And as we can see on the updated price chart, this is indeed the case. Gold took a fierce run at that prior resistance level but ran out of steam before it could take it out.<\/p>\n

Just like a sprinter that must catch his breath, gold simply ran too far too quickly. That’s why we’re seeing the pullback right now.<\/p>\n

<\/p>\n

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Free Trading Resources<\/strong><\/p>\n

Have you checked out Larry’s free trading resources on his website? It contains a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

Look Out for a Bigger Bull Market Ahead<\/h2>\n

But it’s important not to panic. My analysis tells me gold is still very much in the early stages of a bigger bull market.<\/p>\n

That’s why my next step is to wait for gold to pullback to an attractive level where I can look for yet another buying opportunity.<\/p>\n

This is where the 200-Period Moving Average (MA) comes into play. The 200 MA is a great way to identify strong technical support.<\/p>\n

Right now, the 200 MA on the four-hour price chart comes in around $1,916. That would mean a little more than a 50% pullback in gold from the February 28 lows.<\/p>\n

That’s a great area to start looking for another bullish setup. But for now, we must be patient with the gold market for a while longer.<\/p>\n

Once gold reaches an attractive level, I’ll let you know if I spot another great trading opportunity.<\/p>\n

Happy trading,<\/p>\n

Imre Gams
Analyst, Market Minute<\/em><\/p>\n

<\/p>\n

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READER MAILBAG<\/h2>\n<\/div>\n

What are your predictions for gold over the next few months?<\/p>\n

Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com<\/a>.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Trading is rarely picture-perfect. Being able to improvise and adapt in the moment is one trait that separates winning traders from the rest\u2026<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[76],"newsletter-type":[],"ticker":[],"class_list":["post-20797","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-imre-gams"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/20797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=20797"}],"version-history":[{"count":0,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/20797\/revisions"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=20797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=20797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=20797"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=20797"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=20797"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=20797"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=20797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}