Up-date on our day Trade on Gold Futures contract

https://www.sidewaysmarkets.com/heads-up-we-have-2-day-trades-setting/

Looking at our fast chart, a 4 range chart with Ninja Trader Charts, we see the TOP of the downward trending channel that had formed on Gold futures contracts earlier in the day!

This was originally not much of a concern, we expected price to move right through this, but the market had a different idea for its end of the morning…

So with my stop already moved to my point of entry to protect my account, i took profit at this area because of the following…

– Speed of the market slowed down @ 1204.5
– Notice we see HIGHER lows on the candlesticks
– Bounced off the LOD level, which adds more support

My intentions were to short this thing from 1206 all the way down, but the market decided to take off early for the holiday weekend, but not before making us 20 ticks or $200usd on a very easy gold futures day trade.

We had another amazing day in the trade room on friday, keep an eye out for our nightly recap video later on today…we made another 100 ticks on 4 contracts live in real time in the trade room!

Keep the questions comming!  Be safe out there for the Holiday, see you next week!