Gold's Morning Surge

today looked like it might be the day, until it wasn’t

Short update today because there’s not much to say except this: gold doesn’t wait around for anyone. Yesterday, I pointed out that gold’s recent pullback looked like it could set us up for an entry. And while I mentioned that I was hoping gold would hold steady until after the election and the Fed announcement next week, I also said that markets don’t always give you that luxury. Well, fast forward to this morning, and gold futures (ticker /GC) surged 0.78% into today’s open — making it look like my proprietary gold acceleration cycle indicator might trigger later in the day. But as the day played out, that early momentum didn't hold, and gold pulled back below yesterday’s close. And that’s why I love this proprietary indicator I built. It didn’t just trigger because gold surged hard at the open. It kept us out of a “fake out” move that ultimately lost steam. So what’s the takeaway? Gold’s quick moves aren’t surprising, especially in times of uncertainty like now. As I always say, nothing goes straight up, and today’s action is a reminder of that.  We’re still in the thick of it with the Fed’s decision and the election on deck next week, so stay sharp and watch as those results come out. This morning’s surge and pullback could be a preview of the volatility to come. — Geof Smith P.S. Get a first hand look at my proprietary gold indicator — just click right here.

Short update today because there’s not much to say except this: gold doesn’t wait around for anyone.   Yesterday, I pointed out that gold’s recent pullback looked like it could set us up for an entry.   And while I mentioned that I was hoping gold would hold steady until after the election and the Fed announcement next week, I also said that markets don’t always give you that luxury.   Well, fast forward to this morning, and gold futures (ticker /GC) surged 0.78% into today’s open — making it look like my proprietary gold acceleration cycle indicator might trigger later in the day. But as the day played out, that early momentum didn't hold, and gold pulled back below yesterday’s close.   And that’s why I love this proprietary indicator I built. It didn’t just trigger because gold surged hard at the open. It kept us out of a “fake out” move that ultimately lost steam.   So what’s the takeaway? Gold’s quick moves aren’t surprising, especially in times of uncertainty like now.   As I always say, nothing goes straight up, and today’s action is a reminder of that.    We’re still in the thick of it with the Fed’s decision and the election on deck next week, so stay sharp and watch as those results come out.   This morning’s surge and pullback could be a preview of the volatility to come. — Geof Smith   P.S. Get a first hand look at my proprietary gold indicator — just click right here.

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ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub