| | | | December PCE Numbers
Personal Consumer Expenditures — aka PCE numbers — are out for December. Let's take a look at Fed Chair Jerome Powell's favorite inflation numbers as we head into the Christmas holiday week next week.
Come join me as we dive in and see what’s moving!
Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day.
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Gold’s 25% Upside and How to Trade the Next Big Move
When it comes to trading gold, timing is everything. And right now, gold is setting up for a potential 25% move to the upside — offering a massive opportunity for traders who are prepared to act.
Let’s break down why this setup is so compelling and how you can position yourself for the next big move.
Gold has been in a flush mode, with prices breaking below key support levels. On the 15-minute chart, it’s clear that we’ve busted through support and back-tested from underneath — a textbook bearish setup.
The daily Market Roadmap line is now the next significant target, with key levels sitting around $2,500 and $2,425.
A bounce is imminent, but the big question is: Where does it start?
And will it hold at $2,540, or do we dip even further to the $2,425 range? Setting alerts at these levels is critical so you’re ready to act when the market gives its signal.
Why the Bounce Matters
Once gold finishes this flush, the potential for a significant rally opens up. I’m talking about a move from $2,400 to $2,900 — a $500 swing that equates to a roughly 25% gain. That kind of upside doesn’t come around often, and it’s why gold deserves a spot on every trader’s radar right now.
What makes this rally so exciting is the potential for speed. Gold doesn’t always wait around once it decides to move, so you’ll need to be prepared to capitalize on this momentum quickly.
How I’d Trade It
If you’re wondering how to position yourself for this opportunity, consider ETFs like SPDR Gold Shares (GLD) or iShares Silver Trust (SLV) for exposure. Both provide a way to trade the metals without diving into futures contracts. For those more comfortable with futures, the daily and hourly charts provide excellent road maps for spotting entry and exit points.
Personally, I’m waiting for the flush to finish before diving in — patience here could pay off big. The goal is to catch the start of the bounce and ride it as close to $2,900 as possible. Whether you’re trading ETFs, futures or options, the potential upside here is enormous — but only if you’re ready.
Gold doesn’t give out 25% moves every day. Let’s make the most of it.
Today’s Daily Chart Setup: No Strong Signals
Out of 3,600 stocks scanned, there were no strong signals after Thursday.
Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!
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