Recent Report:
Daily Report: 3 hours 58 min ago
As this post-holiday week begins there is a mixed bag in the precious metals’ markets, with gold and silver trading fractionally higher on the day and platinum and palladium closing lower. Gold and silver are almost equal in their percentage gains on the day, with gold currently trading up .09%, and silver currently trading .15% higher on the day. This all with a moderately lower U.S. dollar. As of 4:25 PM Eastern standard time gold futures basis the most active June contract is currently trading up $1.10, and fixed at $1277.10. Silver is up $0.15 and fixed at $14.97. At the same time platinum... 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
The best way to characterize trading activity today is quiet. In honor of Good Friday tomorrow the precious metals markets will be closed and we are observing pre-holiday volume and range decline. As of 4:40 PM Eastern Standard Time gold futures are trading up $0.90, with the most active June contract fixed at $1277.70. The daily trading range of $6.70 was also compressed with an intraday high of $1279, and low of $1273 per troy ounce. This quiet however comes after the stormy and tumultuous week which resulted in a swift decline in gold pricing. On Monday, April 15th gold pricing broke below its... Read more
Ever since Thursday of last week gold has been trading under pressure. Beginning on April 11th gold prices began a downward spiral, breaking below the 50-day moving average, exactly one day after market forces moved gold prices above that average. The following day on Friday, April 12th gold traded in a defined and extremely compressed range of approximately five dollars, and closed within $0.60 of its opening price. The following Monday being 15th day of April selling pressure intensified with an expanded range that took the intraday price of gold below its 100-day moving average before closing... Read more
Gold pricing continues its decent that began on Thursday with the most active June Comex contract trading as low as $1275.50 in overseas trading last night , and as of 3:00 Eastern standard time is fixed at $1279.30. Losing almost a full percentage point on the day. This is the lowest price point that gold has traded to this year and takes pricing well below the 100-day moving average. Gold futures have not even tested the 100-day moving average since February 27th of last year. Prior to today’s harsh break below this average gold pricing had been using the 100-day as tentative support especially... Read more
Gold futures continue to trade under pressure, with the most active June contract closing down by $4.40 (-0.35%), and currently fixed at $1290.70. Although pricing recovered from the intraday low today which was $1285.30, any quick recovery from last Thursday’s price meltdown seems to be at check, at least for now. Today’s decline occurs in combination with a fractionally weaker U.S. dollar, revealing that it was 100% selling pressure that has taken gold prices lower. Currently the U.S. dollar is trading off by -0.05% (-0.053 points) and fixed at 96.545. All of the precious metals are trading... Read more