The Ceasefire Still Needs One Signature — Gold Didn't Wait!

The speaker advises traders to analyze fundamentals, average true ranges, and plot indicators on charts daily. He also mentions outside developments like economic data flows and the activities of market makers, highlighting that pension funds need to sell a record amount of US equities by month-end, which could be a point of weakness.

A preliminary deal between Washington and Tehran to extend a ceasefire by 60 days, awaiting President Trump's sign-off, caused US equities to accelerate higher. The gold market initially sold off, then recovered, remaining within a parallel channel. The speaker suggests looking for a new parallel channel to see if futures could extend further, possibly reaching the 50% mark.

For longer-term and swing traders, the silver market is discussed, noting the availability of 100-ounce, 1,000-ounce, and 5,000-ounce contracts for proper position sizing. The speaker identifies $73 as a critical line of defense for silver; a close below this level could lead to a retest of $71 to $68. Despite this, significant buying came into the market yesterday when futures reached $72.

The speaker invites viewers to register for resources like the 'Precious Metals Chart Pack: Navigating the Week Ahead' to gain more insights into his trading guidelines and analysis.