Recent Report:
Daily Report: 14 hours 27 min ago
Market technicians use a multitude of moving averages in terms of’ the time cycles. These can vary from extremely short averages of three, seven or 10 minutes in length. Daily moving averages analyze long-term cycles and look at market momentum in terms of the big picture and long sustained moves. In the case of looking for long sustained moves the standards include a 50-day moving average, which indicates the intermediate or short-term trend of a stock or commodity. A 200-day moving average to indicate the long-term trend of a stock or commodity. One of the more important technical patterns... 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 |
Trade Alerts
With our timely trade alerts sent via e-mail and text message (SMS), you won't miss an opportunity to make a trade. Moreover, these alerts will eliminate having to constantly monitor the markets and your trades.
SMS feature is available in 150+ countries
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
Considering the recent rally in gold pricing which in essentially began in the middle of November when pricing was about $1200 per ounce, and its recent surge to $1300. This most recent decline can be put in the context of either a simple shallow retracement, or the beginning of a much deeper correction. So the question becomes, was the recent decline in gold a consolidation/profit taking or an indication of lower pricing up ahead. Although that question can only be answered as more data is presented to us, there are some observations that we can use to gain a feel to what is the most likely outcome... Read more
Most major markets are closed today in honor of Martin Luther King Jr. day here in the United States. Both the bond markets as well as U.S stocks are closed today as they observe the holiday. This holiday was enacted into law in 1983 by President Reagan and officially established in 1986. Originally the major exchanges were open for trading however they observed a minute of silence at noon. This all changed in January 1998 when both the NASDAQ and New York Stock Exchange enacted a policy of closing the markets for the entire day in honor of this holiday. Although most major markets are closed... Read more
This week’s failure to close above $1300, is most likely signaling a conclusion to the current rally, and the beginning of a correction. The chart below (figure 1) has an area highlighted in yellow, identifying a compressing range which has been the predominant characteristic since the beginning of this year. Figure 1 is a 120-minute Heiken Ashi chart, commonly referred to as a Japanese average chart. On Friday, January 4th gold traded in an expanded range as it hit a high of $1300.40 before selling off and trading to a low of $1278 per ounce. The entire week of January 7th contained a series... Read more
Both gold and silver are trading modestly lower on the day, and platinum and palladium are trading higher. As of 4:20 PM Eastern standard time February gold Comex futures are trading off by $2.70 (-0.21%), and fixed at $1291.10. Silver futures are also trading lower on the day. The most active March contract is currently fixed at $15.55, with a net decline of almost 9 cents on the day. However, it is been palladium that has been the recipient of incredible rally as supply-side issues continue to create strong bullish sentiment. Currently March Palladium futures are at $1356 per ounce, gaining $37.50... Read more