[Jeff Clark's Market Minute]( Andrewâs Note: We’re just days away from Jeff Clark’s latest warning on a BIG SHIFT coming to the market. This [Wednesday night at 8 p.m. ET]( Jeff will explain why he sees a rolling bottom coming to the stock market… and why that could spell [opportunity for you](. When you attend, he’ll share his number one vehicle to play this market and even give away a free recommendation to get you started. [Sign up right here to claim your spot](. Now, onto today’s market insight from analyst Imre Gams… --------------------------------------------------------------- Debunking a Common Gold Myth By Imre Gams, analyst, Market Minute Gold is a very emotional market. The yellow metal went from a high of $2,078 to a low of $1,618 in less than a year. Keep in mind inflation was raging in the background during this time. And gold, a supposed inflationary hedge, failed to perform. The truth is that gold isn’t an inflationary hedge at all. This false belief is likely centered around the one time in modern history that gold did manage to beat inflation, which was in the 1970s. Back then, the inflation rate reached almost 9% but gold returned 35% for investors. Unfortunately, correlation and causation aren’t the same thing. Recommended Link [The One Ticker Retirement Plan]( Over the Shoulder Demo Now Available [image]( Market Wizard Larry Benedict crushed the market in 2022. But he didn't do it with a “traditional” method… For a limited time, he’s sharing a free over-the-shoulder “demo” of his strategy in action. It takes less than 10 seconds… [Watch it here.](
-- None of this, however, means that gold isn’t a sound investment or a great market to trade. I’m personally a huge goldbug. I believe everyone should be consistently buying physical gold every month in whatever quantity is affordable to them. But I also know that the gold game is a very long-term one. The price of gold comes and goes. That’s why it’s best to separate the idea of investing in gold and trading it. And when it comes to trading gold, I’ve spotted a great setup I’m excited to show you. Let’s check out a short-term price chart of gold below… [(Click here to expand image)]( Price charts don’t get much more straightforward than this one. The key feature on this one-hour chart of gold is the triangle chart pattern I’ve drawn using the blue lines. Triangles are one of my favorite trend continuation setups because of how easy they are to identify. [Finally, gain financial freedom in 2023 using this method]( The telltale sign of a triangle is when prices trade sideways in a narrowing channel. You can see how the two blue trendlines I’ve drawn will eventually converge, creating an apex. It’s not necessary for prices to travel all the way to the apex of the triangle before breaking out, but it’s a fairly common occurrence. 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 â at zero cost to you. Just [click here]( to check it out. As a general rule, the closer prices get to the apex before breaking out, the more powerful the breakout is going to be. So long as gold remains above $1,945 – the key level holding this triangle together – the upside target of $2,050 remains in play. My preferred method of trading a triangle is to wait for a breakout of the upper trendline. More aggressive traders, however, may look for an entry within the structure of the triangle itself. Gold is shaping up to be an incredibly exciting market for the remainder of the year. I’ll continue to look for opportunities to be long gold. And of course, I’ll let you know right here when I find those setups. Happy trading, Imre Gams
Analyst, Market Minute READER MAILBAG In today’s mailbag, a Currency Trader member thanks Imre for one of his recent training videos… Wow, loved that last tutorial video by Imre on the impulsive and corrective movements. Can really see it. I’m an architect and super visual. I get it. Thanks Imre, look forward to more of these great tutorials. – Richard D. Thank you, as always, for your thoughtful comments. We look forward to reading them every day. Keep them coming at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [New Dollar Warning From Expert Forecaster]( Jeff Clark predicted and/or profited from the last four major market crashes. But now, he’s coming forward with a brand-new prediction about the dollar. [Just click here for all the details – including a unique way to protect yourself.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader
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