الجمعة، 20 ديسمبر 2024

Gold’s 25% Upside and How to Trade the Next Big Move

Join me at 9:15 a.m. ET for “Morning Monster”!
 
   
     
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!

 
 
‘Morning Monster’ Is Starting NOW!
I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!

And be sure to hit that Subscribe button on my YouTube page!
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A Familiar Crash Pattern Is Forming Beneath the Headlines
 
 
The new rate cut and headlines about it have everyone's attention right now.

But something more interesting is happening behind the scenes.

Look at this chart closely.

 
 
What you’re seeing is the pattern that has preceded every major crash we’ve seen in the market, including the 2008 and COVID crashes… 

And right now, we’re seeing it pop up again.

During my recent Flash Crash Briefing, I revealed why this could just be the calm before the storm...

Why I believe we could see another BIG flash crash leading into the new year, and what I believe every smart trader should be doing right now.

I also touched on the new way I’ve been placing smart but calculated trades considering the current landscape and what I believe lies ahead.

Our research shows it’s maintained 2.8 wins per day for SIX MONTHS now… 

And the best part is anyone can start using it alongside me with a regular brokerage account.

If you missed my Flash Crash Briefing or you’d like to get more details on what I see coming, and what I’m currently doing to take advantage of the situation and protect my portfolio… 

 
 
Get the Full Details Here!
Stated results are from hypothetical options applied to real published trade alerts. From 4/17/24 - 12/12/24 the result was a 73.2% win rate on 782 trade signals with an average hold time of 3 days on the underlying stock. Performance is not indicative of future results. Trade at your own risk and never risk more than you can afford to lose.
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How the Daily Chart Setup Works
 
 
Here’s a more detailed description of how the pattern triggers:
 
1. The price breaks upward through the orange Market Roadmap Line. 

2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!

You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places!
Jeffry Turnmire
Jeffry Turnmire Trading

I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!

Please check out my channel and hit that Subscribe button!

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. 


*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 
   
 

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