Hubert Senters here.
I’m going to be on the Wealth 365 event next week and I’m going to be talking about Gold so I’ll hyper link you to the page after that but anyway, let’s talk about Gold. Currently right now Gold is in a sideways shuffle which happens to everything from time to time. As you can see here, here’s the sideways shuffle denoted by the blue rectangle in the parentheses that I just put round it.
It’s probably going to break out to the high side and break above this $1450 area. One good rule of thumb that you can use is the following. If Gold is up more than three it’s probably going to be up anywhere from 12 to 18 points on the day so right now it’s up 11 so obviously it was up more than three and then it started working its way.
If Gold is down more than 3 it’s probably going to be down greater than or less than 12 to 18 points. Now, it could be slightly lower. It could be slightly higher than that range. But that’s what I found as I trade a lot of Gold products. Now, this is gold futures. You could also do the gold many. You could do GLD. Now, that three points is subjective.
Now what I mean by subjective every platform oddly enough calculates the plus three slightly different. How I calculated is the 1:30PM EST settlement price. TradeStation just does it automatically for me and I believe that toss does it the same way.
Some of the other platforms your mileage may vary but as long as you know hey, look at it at 1:30PM EST from that price is it higher or lower from that time and I’ll teach you all this stuff in the webinar anyway, let me grab a page for you.
Like I said earlier I’ll be talking next week. I believe it is Wednesday at 11AM EST. I will be teaching a class on Gold Trading 101 some of my favorite gold trade set-ups. I’ll give you at least one of them to make you at least the dangerous enough to hurt yourself in the gold market anyway. But that’ll be next week 11AM Est. I’ll HYPERLINK you there.
Put your first name there, your e-mail address there and CLAIM YOUR FREE TICKET. Heads up, they use Zoom but all these GotoWebinar and Zoom platforms have an ability to host a lot of people but when they start hosting when you get above a thousand it gets a little sketchy so you may want to just register and log in early and often to make sure you secure a seat because some of them say that thing they 10,000 people but they kind of get a little unstable. Everybody’s platform does. When you start getting big numbers.
So if you’re interested in showing up before clock, show up about 15 minutes early and kind of secure yourself a seat and it doesn’t guarantee your spot but it increases your odds.
Good luck. Hope it helps. Have a great weekend. See you on the next video.
Hubert.
