Recent Report:
Daily Report: 22 hours 33 min ago
As of 5:30 PM Eastern standard time, gold futures basis the most active April contract is trading $.70 higher and currently fixed at $1315.30. Although gold futures are exhibiting extremely fractional gains on the day, there is over a $10 differential from the lows achieved last night. New York gold traders witnessed pricing trade to a two-week low as market forces drove the precious yellow metal down to today’s intraday low at $1304.70. There was however a fairly rapid recovery taking just about 40 minutes resulting in prices moving back to approximately $1314 per ounce. Although current pricing... 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
Any hopes that the U.S. dollar would continue to trade lower after yesterday’s weakness was short-lived. In fact, all of yesterday’s price decline eroded in early evening trading as the dollar not only recouped but closed above yesterday’s opening price. Currently the dollar is up almost a half a percent, a 46-point gain, and fixed at 96.970. Although both yesterday and today contained equal lows, today the index closed a few ticks off of the intraday high of 96.99. Of course, dollar strength eroded any gains witnessed in gold pricing today. In fact, gold futures, basis the most active... Read more
On January 31st, 2019 gold hit its highest value this year when on an intraday basis gold future traded to a high of $1330 per ounce. From there pricing began an extremely shallow retracement trading as low as $1306 on February 7th. This shallow retracement occurred in tandem with a rally in dollar strength which began on the very same day that gold traded to $1330, January 31st. Although pricing has been dominated by dollar strength or weakness it appears that it is now forming a base at these new plateaus, defining new support levels. In fact, the current rally that gold has been deeply entrenched... Read more
Once again it is dollar strength that is the primary force influencing current precious metals pricing. More importantly there are fundamental events that are quickly approaching that could greatly influence relative dollar strength or weakness and demand our attention. On the minds of many analysts today is the current trade war between the United States and China, and the upcoming deadline of the first day of March. If no agreement is reached by that time the current tariffs that President Trump implemented last year will ratchet up from 10% to 25%. That most certainly would have a profound effect... Read more
Given that this recent correction is a reflection of gold prices surging $130, a very respectable rally, the price recovery over the last couple of trading days is clearly an indication of the resilience of current gold pricing and demand for the precious metal. This rally began in the middle of November last year when gold was priced at $1200, up until January 31st when prices hit an apex at $1330. This week’s recovery is a clear indication that the correction which began at the end of January could be quickly coming to a conclusion. As reported by Anna Golubova in Kitco... Read more