Proceed gold with caution!

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Proceed gold with caution!

Good morning, traders.

Last year, we chased breakouts, cursed fakeouts, and stared at red candles like they owed us money.

This year? Same story, different coffee cup.

Turns out, “new year, new us” doesn’t apply when the markets keep playing mind games but hey - at least Bitcoin’s going global.

🌍Governments from Brazil to Russia are eyeing BTC for reserves.

Rebel coin meets world stage - who saw that coming?

Meanwhile, gold’s wobbling ahead of U.S. inflation data, and oil’s just… flatlining.

But hey, we’re built for this. Let’s ride. 🚀

🔻Gold Slips as Markets Eye Upcoming U.S. Inflation Data
Gold prices edged lower, with spot gold dipping 0.1% to $2,675.72 per ounce, as investors turned their attention to the forthcoming U.S. consumer price index report, which could influence Federal Reserve interest rate decisions.🌎

🌎 Bitcoin Goes Global as Nations Eye Reserves
Bitcoin is gaining favor with governments worldwide! From the US to Brazil, and even Russia, leaders are debating Bitcoin's role as a national reserve asset. Could this mark the beginning of a global Bitcoin standard?

📈 Analyst Predicts Bitcoin Rebound Post 'Final Capitulation'
Market analysts suggest that Bitcoin may be poised for a significant rebound following a 'final capitulation' phase, indicating potential bullish trends ahead.

📊 Markets Steady Ahead of U.S. CPI and Bank Earnings Reports
Global markets remained cautious as traders awaited U.S. consumer price index data and upcoming bank earnings reports, which are expected to provide insights into economic health and influence investment strategies.

Dollar Rally Pauses as Traders Anticipate U.S. Inflation Data
The U.S. dollar's recent rally stalled, with the euro hovering above its two-year low against the greenback, as traders exercised caution ahead of a crucial U.S. consumer inflation report.

↕️ Asian Markets Mixed Amid U.S. Inflation Concerns
Asian stock markets exhibited mixed performances, with indices like Tokyo's Nikkei 225 rising slightly by 0.1% and South Korea's Kospi increasing by 0.2%, as investors remained cautious ahead of U.S. inflation data that could impact Federal Reserve decisions.

🛢️ Oil Prices Steady Amid Mixed Supply and Demand Signals
Oil prices remained relatively unchanged, with Brent crude at $80.03 per barrel and West Texas Intermediate at $77.73 per barrel, as falling U.S. stockpiles were offset by a soft demand outlook.

Oracle (NYSE: ORCL) 

Update on our ORCL trade.

I have added my final position for OCRL, bringing the total to 3 layers with a break-even price of $167.57. 

Let’s monitor this position for the next 1-2 weeks.

Palo Alto Networks (NASDAQ: PANW)

I recommend a buy position for PANW at $173.42 on Monday. 

The price dropped for one day and then rose, at which point I closed half the position at $178.66 and set the break-even price for the remainder, making this a risk-free trade. 

Achieving 3% profits (before leverage) in 3 days is fantastic!

For today's recommendation, I have Altria and APA - Two Sides of the Market

Altria Group (NYSE: MO)

I am going in for a buy in Altria Group (NYSE: MO) at $51.18. 

Altria is showing strength with its steady fundamentals and attractive dividend profile. 

The stock is edging higher, with technical signals pointing to a breakout from recent consolidation. 

It’s a calculated move for those looking to ride a stable upward trend.

🎯 Targets:

Buy at: $51.18
TP1: $52.30
TP2: $53.30

APA Corporation (NASDAQ: APA)

On the flip side, we’re eyeing a sell position at $25.14 for APA Corporation.

Why? 

The charts tell the story - a clear downward trend is forming, and the energy sector is showing signs of cooling off. 

This setup gives us a chance to capitalize on continued bearish momentum.

🎯 Targets:

Sell at: $25.14
TP1: $24.03
TP2: $23.15

Two trades, two opportunities.

One bullish and one bearish - showing the power of staying flexible and strategic. 

Let’s see how these play out!

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Klinger Oscillator

The Klinger Oscillator is a momentum indicator that combines price and volume data to assess the strength of money flowing into or out of a security.

It helps traders identify long-term trends and potential reversals.

What to Look For:

  • Trend Identification:
    • A rising Klinger Oscillator suggests strong bullish momentum and a potential uptrend.
    • A falling Klinger Oscillator suggests strong bearish momentum and a potential downtrend.

  • Divergence:
    • Divergence between the Klinger Oscillator and the price can signal potential trend reversals. For example, if the price is making higher highs, but the Klinger Oscillator is making lower highs, it could indicate a weakening uptrend.

  • Crossovers:
    • Crossovers of the Klinger Oscillator above or below its signal line can be used as potential trading signals.

OVERTRADING! the seductive siren song of the impatient trader.

We convince ourselves that more trades equal more profits, but the reality is often a chaotic spray of losses.

If you're constantly firing off trades like a machine gun, it's time for a reality check.

Imagine yourself as a sniper, not a stormtrooper.

You have a limited arsenal - TWO SHOTS MAX, for the entire trading day.

Miss your first shot? 

Well, you've taken a hit to your confidence (and your account). 

Miss the second?

You're sidelined for the day. 

NO MORE  impulsive revenge trades fueled by frustration.

This isn't about deprivation; it's about discipline. 

It forces you to ask: "Is this trade truly worth expending one of my precious two bullets?"

Suddenly, every entry becomes a calculated decision, a test of your patience and conviction.

Trust me, you'll be surprised how quickly your focus sharpens when you're not constantly tempted by the allure of "just one more trade." 

The market, like a skilled opponent, will respect your restraint.

So, embrace the sniper mentality.

Two shots. No more. 

Let each trade be a masterpiece, not a desperate hail mary.