Recent Report:
Daily Report: 21 hours 52 min ago
For the most part, gold has held on to the recent gains which occurred on Thursday of last week and continued into trading yesterday. Currently, gold futures basis the most active December Comex contract is trading down $2.30 and is fixed at $1,228 per ounce. Gold traded to an intraday high today of $1235.90, which is just below yesterday’s high. However, gold could not hold onto its modest gains this morning as the U.S. equities markets surged to higher ground with the Dow Jones Industrial Average gaining 547 points as it closed at 25,798. In light of the tremendously strong risk on market... 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
With our timely trade alerts sent via e-mail and text message (SMS), you won't miss an opportunity to take a trade. Moreover, they will allow you to skip the gruesome process of constantly watching the market.
SMS feature available in 150+ countries
Stop-Loss
Money management is an extremely important tool. With the use of stops you:
• limit investor’s loss
• lock in profits by trailing stops
• give freedom from emotional influences
• don't need to monitor the market on daily basis
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 prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday’s small daily decline, gold futures had a solid weekly performance resulting in a $15 price advance per ounce of gold. Last week’s strong finish was a direct result of a major selloff in U.S. and global equities on Wednesday and Thursday as... Read more
Gold had one of its most dynamic days yesterday as it opened below $1,200 per ounce and closed $30 higher, settling at $1,227 per ounce. Today gold prices have retreated slightly, giving back a measured portion of yesterday’s gains. As of 4:35 PM Eastern standard time, gold futures are currently down $6.30, with the most active December Comex contract fixed at $1,221.30. Yesterday’s strong uptick and price gains were a result of a falling U.S. equities market and dollar weakness. On Wednesday and Thursday, the Dow Jones Industrial Average lost over 5%, declining by 1,300 points. Today the Dow... Read more
Over the last few days, we have seen market sentiment shift from an overall bullish demeanor in regard to U.S. equities to a bearish outlook. The Dow Jones Industrial Average has now lost over 5% in trading since Wednesday, with a net decline of over 1,300 points in just two days of trading. Following yesterday’s decline of over 800 points in the Dow, today traders continued their liquidation sale and the Dow lost another 545 points. Dow Closes Below 200-Day Moving Average For the first time since June of this year, the Dow Jones Industrial Average has closed below its 200-day moving average.... Read more
Today, U.S stocks experienced their worst performance since February. Compared to the most significant single-day drop, the Dow’s performance today was still no walk in the park. In February, the Dow Jones Industrial Average plunged 1,175 points for a net decline of 4.6% on the day. Today the Dow scored its second worst day of the year by closing down 831 points, a net decline of 3.6%. The tech-heavy NASDAQ composite had the highest percentage decline, losing 4.08% in trading today as it closed down 314 points at 7,423.15. According to CNBC, this is the worst performance of tech stocks since... Read more