Recent Report:
Daily Report: 6 hours 17 min ago
The US dollar index surges past 97.40 to a 17-month high amidst the backdrop of political uncertainty in the UK and Italy. The US Dollar index is currently pegged at 97.405 after three consecutive strong sessions bring the index to levels it has not seen in over 16 months. At the same time the Euro composite witnessed three days of sharply lower pricing with today’s price falling approximately 1% as did British Sterling following their recent bearish trend. Last week’s FOMC meeting which confirmed the current rate tightening path has seemed to have drawn investors back into the US dollar. The US is... 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 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
U.S. stocks tumbled in trading this afternoon with selling pressure a result of multiple factors. After producing respectable gains throughout the week, U.S. equities reacted to two major events, as well. First, market participants reacted to the statement released by the Federal Reserve yesterday from this month’s FOMC meeting. Second, data suggested a “hotter-than-expected” reading on producer prices and continued selling pressure in oil. Market participants received confirmation that the Federal Reserve will continue its more hawkish stance. The current monetary policy continues to run... Read more
This afternoon the Federal Reserve concluded this month’s Federal Open Market Committee (FOMC) meeting. Immediately following the conclusion of today’s meeting, the Fed released a statement. There was no press conference held after the meeting. However, Chairman Powell has stated that next year every meeting will conclude with a press conference. “The labor market has continued to strengthen and ... economic activity has been rising at a strong rate.” As anticipated, the statement that was released confirmed that the Federal Reserve will hold interest rates steady and said that ongoing strong job... Read more
Investors and market participants seem unfazed while bidding the U.S. equities up substantially following the midterm elections which resulted in the Democratic Party now controlling the House of Representatives. Although the Senate remains firmly in control by the Republicans, yesterday’s election gave Democrats the needed majority to control the House of Representatives. With one hour left in trading, the Dow Jones Industrial Average has barreled back through 26,000 and is currently up 464 points, +1.84%, to reach 26,100. The S&P 500 is also moving strongly to the upside with gains of 1.75% on... Read more
Traders and market participants are quietly waiting to hear results from today’s midterm elections. In possibly one of the most important midterm elections held in recent history, the net results could have a profound impact on the financial markets. This election will determine whether or not the current administration and the Republican-led House and Senate will continue to have total control, resulting in the ability to move president Trump’s agenda and policies into law at a breakneck pace. As reported in Reuters, “Americans will head to the polls today to determine whether or not Trump’... Read more