Recent Report:
Daily Report: 9 hours 9 min ago
The entire precious metals complex is trading higher on the day. Gold futures are currently up $4.90 (+0,37%), and fixed at $1293.20. After trading to a high today of $1295.40, gold softened a little bit, closing about two dollars off the intraday high, also trading to a low of $1287.60. What is important about this range is even with a respectable gain on the day, pricing is still caught within a tight and narrow band. That band created on Friday, January 4th was the net result of dynamic Price swings in which gold traded to a low that day of $1278, and a high of $1300.40. Since then gold has... Read more
Track record of gold trades
Trading one contract (100 oz.) of gold with $10k balance.
| Year | $ +/- | % Gain/Loss |
|---|---|---|
| 2010 | $30,150 | |
| 2011 | $25,570 | |
| 2012 | $22,350 | |
| 2013 | $14,500 | |
| 2014 | $9,660 | |
| 2015 | $-2,630 | |
| 2016 | $28,600 | |
| 2017 | $5,900 | |
| 2018 | $3,502 |
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Money Management
Money management is an essential component of a successful trading strategy. We use stops to define risk, and maximize profits.
• Stops limit loss exposure to a redefined amount & lock in profits by trailing them tighter when a trade moves favorably
• Defines risk and reward, thereby removing any emotional influences.
Endorsements of Confidence
Gary is one of the most skilled technicians I have met during my time covering the markets. Dedicated, reputable and skilled…
Daniela Cambone
Editor-in-Chief, Kitco News
About Gary Wagner
Gary S. Wagner is the executive producer of The Gold Forecast. He has been a technical market analyst for over 35 years. He’s written for Kitco News, Stocks & Commodities Magazine, Futures Magazine, and Barons. Gary has been a speaker for many financial seminars like Dow Jones Financial Symposium or Futures West. He coauthored “Trading Applications of Japanese Candlestick Charting” and was mentored by many great technical analysts like John Bollinger and Larry Williams.
Trading System
The system that we use for trade recommendations is a hybrid method in which we combine fundamental data with three primary technical studies. We look at fundamental data for the "big" picture, which we weave into our technical studies. These studies help us identify key pivot points. They also provide us with the timing for entrance and exits of trades, as well as stop placements.
The three technical methods we combine are Japanese Candlesticks, Elliot wave theory and Fibonacci retracement.
Introduction to our service
The Gold Forecast was created for investors and traders of all levels. Each day we publish a five to ten minute video containing concise, easily-digestible visual and verbal information, conveying precision technical market insights. All blended with the day’s most important fundamental news.
About our company
Wagner Financial Group is the producer of the Gold Forecast.
Based in Honolulu, Hawaii, our company is comprised of a dedicated group of trading, technology, and finance professionals who apply their experience, teamwork and innovation towards a common goal - helping traders succeed.
Previous Reports
Gold continues to trade in a narrow and defined range with dollar strength or weakness defining the majority of the net price change on any given day. As of 5:00 PM Eastern standard time spot gold is currently fixed at $1288.80 after a net decline today of $2.40.According to the KGX, (Kitco gold index) traders have actually bid the precious yellow metal higher by $2.10, however dollar strength far exceeds bullish sentiment as it took away $4.50 per ounce. On Friday, January 4th gold pricing had a range of $22 from the intraday high, ($1300.40) to the intraday low, ($1278). Since then every trading... Read more
Although gold is trading well off of its intraday high, the sun colored metal was able to hold onto fractional gains throughout the trading session. As of 4:30 PM Eastern standard time gold futures, basis the February 2019 Comex contract is trading up by $2.20 (+0.16%) and fixed at $1291.60. These gains are the net result of traders bidding up the precious metal, with a small fractional boost from dollar weakness. Gold futures traded to a high of $1296.60 in trading overseas last night. It seems the elusive brass ring of $1300 on a closing basis has been a difficult target to reach and sustain. On... Read more
Although gains for this week in gold pricing were fractional, nonetheless it closed above its open on Monday. This creates a green candlestick on a weekly chart, and now for the fourth consecutive week we have seen gold close with weekly gains. The last time this occurred was in mid-November up until the first week of December. This was followed by a week which closed below its open during the week of December 10th, proceeding the current 4 weeks of consecutive gains. When we convert our weekly candlestick chart to a Heikin-Ashi chart we can see that the last eight weeks were all green candles... Read more
The daily range in gold continues to compress, after trading to an intraday high of $1300.40, and an intraday low of $1278 on Friday of last week, each trading day this week can be characterized as a compressing range defined by the intraday range from Friday, January 4.Today is no exception as traders were able to push the market to a high of $1298 and as low as $1286.70. One predominant characteristic in recent price activity that we are witnessing lower highs, and higher lows, which is the definition of a compressing range. Today is no exception. As of 4:00 PM Eastern standard time spot gold is... Read more