I’m Bullish on Gold. Here’s How I Plan to Make $9K on 1 Trade
With everything going on in the world right now — the pandemic, unemployment and the Texas winter storm — we decided to turn to Wall Street’s natural safe haven: gold.
And it’s a good thing we did since we noticed on the daily timeframe there’s a bullish trade opportunity to the tune of 900 ticks coming our way fast.
Now remember, a full contract on gold futures means every tick is valued at $10. With a micro contract, every tick is worth $1. So depending on how much you’re willing to risk, you’re looking at a $9,000 or $900 gain if this trade works out in our favor.
We generally like sticking with micro contracts since they’re a tenth of the average investment of a full contract. This is a great way to manage risk and a strategic way to trade if you’re looking to have success over a long period of time.
Right now, gold looks to be trading in a sideways movement and has been consolidating since September 2020. That means there’s going to be a breakout very soon…
P.S. One former hedge fund trader just pulled back the curtain on a new method that only requires you to participate in the market right before it closes.
You see, from the time the market opens until about 3 p.m. EST, Wall Street has the upper hand. But once 3 o’clock rolls around, the big funds on Wall Street start bleeding cash… which sends certain stocks crashing lower.
Take advantage of these cash bleeds during Wall Street’s weakest hour, and you can make huge returns the next morning when the market opens again.