Trending: Gold Hits New Record!
Good Morning, Traders!
It's Monday, and we're kicking off the week with a bang! There’s a lot happening in the markets, so buckle up.
Gold just shattered records, soaring past $2,700 per ounce as investors seek shelter amid geopolitical tensions and market uncertainty.
But what’s behind this monumental surge, and will it continue?
As you digest the news, take a moment to reflect on what these market moves really mean for your trading strategy.
In today’s Mind Over Market section, we’re EXPOSING a common pitfall traders face once they start to get the hang of things—and how to avoid making this costly mistake.
If you’re feeling stuck or second-guessing your strategy, you won’t want to miss this.
Stay tuned, because mastering the mental game is just as important as knowing the headlines.
🌅 Gold Rises Above $2,700 to Set New Record High
Gold prices hit a new all-time high last Friday as investors sought safety amid a range of factors. The precious metal rose to $2,715 per ounce, breaking through the $2,700 barrier and extending its winning streak to four days. But what is driving this surge in demand for gold?
💾 TSMC's Strong Sales Rescues Chip Stocks from ASML's Slump
TSMC's AI-fueled forecast sparks a chip stock rally, countering ASML's downturn. The semiconductor industry's titan, TSMC, has delivered a much-needed confidence boost with its strong sales projection, driven by surging demand for AI products.
🧨 China releases plan for market support, Sparks Asian Market Rally
Beijing's twin strategies of stock buybacks and stimulus hopes spark a surge in Asian markets, injecting a much-needed dose of optimism into the region.
🔐 Gold Breaks New Record as Investors Seek Safe Haven
Gold blasts past $2,700 for the first time ever as war in the Middle East and a nail-biting US election send investors scrambling for safety. Will the yellow metal continue its record-breaking run?
🏦🇺🇸 Bank of America Says Gold is Now Safest Bet
As U.S. debt skyrockets past $35 trillion, Bank of America warns that gold is the only reliable safe haven. Investors are flocking to the yellow metal, pushing prices to new highs. But can gold truly replace traditional investments like Treasuries?
🤦♂️💸 Billionaire Investor Regrets Selling Nvidia Stock “too” Early
Billionaire hedge fund manager Stanley Druckenmiller admits he made a "big mistake" by selling Nvidia too early, as the stock continues to soar. The investor, known for his decades-long winning streak, says he's "licking his wounds" from the missed opportunity.
💔💶 Euro Plummets After ECB Rates Cut, Hits Three-Month Low
The euro took a nosedive after the European Central Bank's surprise rate cut, hitting a three-month low. Will the downward trend continue, or will traders find a reason to buy back into the euro?
Bullish Engulfing
A bullish engulfing pattern is a powerful reversal candlestick pattern that signals a potential shift from a downtrend to an uptrend.
It occurs when a large bullish candle completely engulfs the previous bearish candle, indicating a stronger buying pressure.
What to Look For:
- Two Candles: A bullish engulfing pattern consists of two candles: a bearish candle followed by a bullish candle.
- Size: The bullish candle must be significantly larger than the bearish candle, indicating a stronger buying pressure.
- Complete Engulfment: The bullish candle's body must completely enclose the body of the bearish candle, signifying a reversal of the previous downtrend.
I am currently looking at American Airlines Group (AAL).
Price is reaching the H4 Trendline and it’s closing the gap.
TAD red arrow signal have appeared. RSI is going to cross over soon.
I expect price to reach a peak of around 13.44. You can start shorting around this price or when the RSI cross over.
Stop loss will be $14 and profit taking will be at the center band of $11.85.
Stick to What Works
Last week, I quoted part of Jesse Livermore’s famous words: “There is nothing new on Wall Street… Human nature does not change, and it is human emotion that always gets in the way of human intelligence.”
Have you given that some thought?
If you’ve been trading for a while, you may have noticed certain patterns—how the market flows, how your emotions respond, and how certain strategies start to click.
You begin thinking, “I’m getting this! Maybe I should try something new.”
DON’T!
If you’ve found something that works for you, STICK TO IT!
Keep refining and improving, but don’t discard a winning formula for the sake of novelty.
Chasing after new strategies just because you're bored or seeking excitement can lead you off course.
Consistency wins the game.
Trading isn't about finding the next big thing—it’s about mastering what already works for you.
Well, we just talked about how some traders, after getting a hang of things, fall into the trap of changing strategies too soon.
But what if you’re a trader who’s thinking, “I don’t even know what I’m doing yet—how can I change anything?” If that’s you, listen up.
Trading can feel overwhelming when you're still figuring things out, and it’s easy to feel lost in the noise.
But don’t worry, you don’t have to navigate it blindly.
To help traders like you, we’ve prepared something that can simplify your journey: the 10 Percent A Day (TAD) System.
This isn't just another strategy—it’s a proven framework designed to give you consistent results, so you can stop second-guessing yourself and start trading with confidence.
You'll learn the tools, strategies, and mindset to navigate any market with clarity.
So, are you ready to move from “I don’t know what I’m doing” to “I’ve got this”?
Head over to 10percentaday.com NOW and start your journey toward winning trades.
