Recent Report:
Daily Report: 5 hours 29 min ago
In light of an extremely strong U.S. dollar, gold is holding up quite well today. We only need to look at the KGX (Kitco Gold Index) to illustrate that point. As of 5:00 PM Eastern Standard Time, spot gold is currently fixed at $1,243.30, which is a net decline of $4.40 on the day. Today’s decline is 100% the direct result of a strengthening U.S. dollar, which is accounting for a decline of $5.20 per ounce. Normal trading is actually bidding the precious yellow metal higher by $0.80, resulting in today’s decline of $4.40. The U.S. dollar is currently trading up 7/10 of a percent, a total of 68... 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 |
Trade Alerts
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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
Today’s jobs report, certainly the most significant economic data to come out this month, came in well under analyst expectations with 155,000 new jobs being added in the month of November. Analysts had projected that 200,000 new jobs were added last month. U.S. equities reacted and continued their massive selloff with the Dow Jones Industrial Average trading down 662 points at its low today. Although stocks recovered slightly, the Dow closed off by 559 points today at 24,388. Today marks another deep decline in U.S equities value as they lost another 2.24%, adding to the third straight day of... Read more
U.S. equities once again traded under tremendous pressure, down almost 800 points at the intraday low today. The Dow Jones Industrial Average has traded to a low which amounted to a 1,500 point drop this week before recovering in the afternoon session. With 45 minutes remaining in trading, as of 4:15 PM Eastern Standard Time, the Dow was trading off by 344 points at 24,681, and by the close was only down 76 points. The precious metals complex, with the exception of gold, is trading lower on the day. Palladium, which has been running to all-time new record high prices, is down over 3% today with... Read more
As of 5:15 Eastern Standard Time, gold futures are fixed at $1,242.80, which is a net decline of $3.80 (-0.31%) on the day. After trading above $1,246 yesterday, gold pricing found resistance at the 50% Fibonacci retracement and began to trade lower. Spot gold was also marginally lower in trading today and currently fixed at $1,236 per ounce. The decline of $1.10 today is mostly the result of a strengthening U.S. dollar which is accounting for one dollar of today’s decline. The remaining $0.10 is directly attributable to selling within the spot market, according to the KGX (Kitco Gold Index).... Read more
Within the final 10 minutes of trading, as traders watched the U.S. equities markets close, the Dow Jones industrial average plunged almost 800 points as it traded to an intraday low today of 25,008. When the dust settled, the Dow had lost 799.36 points, with a net decline of over 3%, and settled at 25,027.07. Real doubts have been present as to whether or not tangible and defined forward movement was reached in regards to the trade agreement this weekend when presidents of the United States and China met face-to-face. Uncertainty surrounding the released statements by both countries were cited as a... Read more