Before You Give Up on Gold, Take a Look at This...

Long-term momentum can finally support a breakout in gold prices... [Jeff Clark's Market Minute]( Andrew’s Note: For the past 40 years, Jeff Clark has shown people from all walks of life how to retire wealthy… retired teachers, doctors, and even the occasional pro athlete. Now, he’s going to share a unique investment strategy that has nothing to do with “buy and hold.” In fact, it’s directly connected to the money in your wallet. He calls it the [“One Trade Retirement Blueprint.”]( The best part is that you can get started with just a few hundred dollars and a bit of spare time to potentially make thousands every month. [Click here]( for all the details in his latest presentation – including the name of his No. 1 ticker. And below, continue reading for Clint Brewer’s latest analysis on gold… --------------------------------------------------------------- Before You Give Up on Gold, Take a Look at This… By Clint Brewer, analyst, Market Minute Over the weekend, the global banking crisis claimed Credit Suisse as another victim. And that came on the heels of the second and third largest bank failures in U.S. history just over a week ago. But not everything is going down. Gold prices are getting a boost as investors pile into “safe haven” assets. Yet despite its appeal during times of uncertainty, some investors are doubting gold’s luster. That’s because even with the pandemic, war, and inflation, gold prices are still trading around the same levels as three years ago. Although it’s tempting to dismiss gold’s recent rally as just another head fake, you should look closer. There are emerging signs that the recent rise in gold prices is the real deal… Recommended Link Millionaire Trader Reveals: [How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( [image]( [Click here for the name of the currency trade.]( -- How to Track Momentum Since the summer of 2020, gold prices haven’t been able to break out above $2,000 per ounce on the upside. But if you’re trying to time a breakout, you need to have long-term momentum on your side. Momentum tracks the rate of change in price, and there are several tools to help you measure it. I prefer a gauge called the Moving Average Convergence/Divergence, or MACD. The name is a mouthful, but the calculation is simple and delivers insights about the state of a trend. The MACD is just the difference between a short- and long-term moving average (MA). A signal line is then applied to MACD to indicate changes in trend. The MACD can also be above or below a “zero line.” When it’s above, that means the shorter-term moving average is above the longer one. And vice versa when the MACD is below zero. Another way I use this metric is to look for trends that have run too far or are just getting started. A MACD that’s far above zero tells me a trend has run too far, like a stretched rubber band getting ready to snap back. But when the MACD resets at the zero line, that’s a signal that a new trend is underway. Here’s an important signal the MACD is now flashing for gold prices… Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. MACD Can Support a Breakout You can look at the MACD indicator across various timeframes, not just on a daily chart. So, I also incorporate monthly charts to help see the big picture. And this is where things get interesting with gold prices. Take a look at the monthly chart below... The top panel shows gold prices going back to 10 years. Again, this is a monthly chart where each bar represents the open, close, high, and low for an entire month. Notice how gold prices peaked in August 2020 at point 1 and haven’t been able to move higher since. Next, look at the MACD’s position at point A. The rally into 2020 was stretched too far to the upside, and gold prices have been consolidating ever since. But now look at what’s happening at point 2. Gold prices are once again attacking the $2,000 per ounce level. However, the MACD at point B is in a much better position to support an upside move. The indicator is just starting to turn higher from the zero line, along with a cross above the red signal line. [Finally, gain financial freedom in 2023 using this method]( Despite the current market volatility and turbulence, it’s now looking like gold’s time to shine. The chances of a successful breakout are higher this time, with long-term momentum becoming a tailwind. If the monthly bar chart confirms a close above the $2,000 level, the yellow metal will likely rise to new all-time highs. Best regards, Clint Brewer Analyst, Market Minute READER MAILBAG What are your predictions for gold in 2023? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Who is this man, and how can he save your retirement?]( Meet Brad Thomas, the self-made millionaire, and editor of Intelligent Income Investor, who is always on the lookout for income-focused opportunities. And now – for the first time ever – he is going to reveal how to collect thousands of dollars from America’s fastest-growing companies that generate so much wealth so fast it’s possible for you to collect substantial wealth from them every single month. [Watch his latest video to discover how he does it.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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