If I were to give one piece of advice for trading around FOMC events, it’s this…

“Wait for Jerome Powell to stop talking.”

Every time Powell takes the stage for an announcement on rate cuts, we use this exact strategy in the Daily Profits Live chat.

Once he exits stage right without any blindside announcement, the market usually goes up.

That’s my cue to start looking for bullish setups.

With the dust settled, there’s several on my radar right now.

Here’s one chart I can’t stop looking at.

Gold and my favorite chart pattern

The ticker I’m watching for a trade right now is the SPDR Gold Trust (GLD).

Now, I’m not a gold trader.

But to me, there’s nothing to do in GLD’s chart but go long.

It has everything I look for.

There’s a squeeze on the 130-minute chart.

It also has my favorite pattern – the woodpecker pattern.

As you’ll see above, there’s a strong sudden price movement upward, followed by consolidation with a some continuation to the upside. Forming a “woodpecker” image.

The goal for trading this pattern is to enter on the next breakout.

Patience pays off here, just like with trading around the FOMC.

So I’ll be waiting for optimal entry in Daily Profits Live.

Action Plan: If you aren’t already a member of Daily Profits Live and want to start trading with me in real-time, I have a special FREE way for you to do that starting next week.

I’m bringing an element of fun that I’ve never done before.

I’ll be doing a “3-day trading challenge’ where you can trade whatever you want. This is your rare chance to test your trading skills against mine.

And the best part – there will be $50,000 worth of prizes during the event.

I really can’t wait for this.

Remember – it’s completely FREE.

Click here to sign up today.