Recent Report:
Daily Report: 15 min 23 sec ago
Gold futures once again have traded to a higher high, higher low and higher close than the previous day. As of 4:30 PM EDT the most active August futures contract is currently fixed at $1426.20, which is a net gain of $8.00 on the day. In fact, gold traded to an intraday high of $1442.90, before giving back some net gains in reaction to statements made by Fed Chairman Jerome Powell today at the Council on Foreign Relations. According to MarketWatch, “Federal Reserve Chairman Jerome Powell on Tuesday suggested that an interest-rate cut in July, widely expected by investors and economists, is not a... Read more
Track record of gold trades
Trading one contract (100 oz.) of gold with $10k balance.
Most recent trades:
| Date in | B/S | Price | Video | Date out | Price | Video | P/L | P/L 100 oz | 10K open |
|---|---|---|---|---|---|---|---|---|---|
| 5/30/2019 | Buy | 1293.1 |  |
6/10/2019 | 1338.3 | |
45.2 | 4520 | 150,595 |
| 5/5/2019 | Buy | 1285 | |
5/16/2019 | 1291.13 | |
6.13 | 613 | 146,075 |
| 4/15/2019 | Buy | 1301.65 | |
3/28/2019 | 1297.13 | |
-14.52 | -1452 | 145,462 |
| 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
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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
Gold continues the dynamic rally which is been in play for just about a month, with today’s gains of $24.00 taking the precious yellow metal to $1424.10, a net increase of +1.71%. Although dollar weakness provided a tailwind to the rising precious metals prices, the effect of dollar weakness was marginal at best. We can see that both in the futures as well as the spot markets. August futures for example gained 1.71%, as the dollar index dropped by 0.23%, meaning that approximately 1.5% of the 1.71% gain today was directly attributed to buyers. Physical gold is currently fixed at $1420.30, which is a... Read more
Trading to a high of $1415.40 in intraday trading today, gold futures basis the most active August contract not only traded to a new record high for this year, but closed above $1400 per ounce. As of 4:10 PM EDT August futures are currently fixed up $6.00 at $1402.90. That is a net increase of +0.42%. While there are many underlying fundamental factors one of the largest influences recently has been a weakening U.S. dollar. Today the dollar index is off by almost 0.5% and fixed at 95.705. So as far as the futures markets are concerned dollar weakness is absolutely the primary cause of today’s... Read more
If the majority of market analysts are correct, when they proclaimed that investors and traders have been factoring in a series of rate cuts by Federal Reserve, along with rate cuts by other global central banks, then why did gold rise by almost $45 today? Yesterday the Federal Reserve announced that it would keep fed funds rates where they are, but changed their language in reference to future actions. They took out the word “patient” to describe their willingness to be data dependent, as they added “uncertainty” to describe the current economic scenario that they are dealing with. Over the last... Read more
I cannot think of many organizations or people that can convey a 180° pivot by the use of a single word, except for the Federal Reserve and its chairman, Jerome Powell. When we looked at the CME’s FedWatch tool yesterday it predicted less than a 20% probability that the Federal Reserve would announce and implement a rate cut today. In fact, that is exactly what happened. The statement made, as with all Fed statements spoken by Chairman Jerome Powell during the press conference crucial is the ability to read between the lines or understand the nuances of how a single word can indicate a distinct... Read more