Recent Report:
Weekly Report: 1 day 48 min ago
Gold futures settled slightly lower on the day, with the most active December Comex contract currently fixed at $1,229.60, a net decline of $0.50 on the day. However, gold scored modest gains this week. Gold opened on Monday at approximately $1,221.10, and it is currently fixed at $1,229.60, resulting in an eight dollar gain this week. Although the gains have been small and incremental, gold has now closed higher for the third consecutive week. During the first week of October, December futures opened at $1,195.90 and closed above $1,200 per ounce. Last week gold opened at $1,206 and closed at $1,... 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 |
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Stop-Loss
Money management is an extremely important tool. With the use of stops you:
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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
Buyers have been bidding up gold to higher values over the last two days, although you would never would that by looking at the net change in prices. Renewed and elevated concern over the trade dispute that is now being labeled as a trade war between the United States and China has continued to be highly supportive of the U.S. dollar. Geopolitical concerns about Saudi Arabia, concerning the disappearance of an American resident, and concerns about the European Union as it deals with issues from both Italy and Turkey have also added to dollar strength. Over the last three days, investors... Read more
Possibly one of the most important sources of economic information to be released this week is the minutes from the September FMOC meeting held by the Federal Reserve, which has been released today. The minutes confirmed the information conveyed in their press statement which was released immediately upon the conclusion of the meeting as well as news from a press conference with questions and answers by Chairman Jerome Powell. However, the minutes conveyed a much more hawkish Federal Reserve than usual. The minutes confirmed the information released in their statement stating that the U.S.... Read more
For the most part, gold has held on to the recent gains which occurred on Thursday of last week and continued into trading yesterday. Currently, gold futures basis the most active December Comex contract is trading down $2.30 and is fixed at $1,228 per ounce. Gold traded to an intraday high today of $1235.90, which is just below yesterday’s high. However, gold could not hold onto its modest gains this morning as the U.S. equities markets surged to higher ground with the Dow Jones Industrial Average gaining 547 points as it closed at 25,798. In light of the tremendously strong risk on market... Read more
Gold prices recovered the incremental price decline on Friday and are now trading above Thursday's closing price. On Thursday of last week, gold prices rose from the opening price of $1,197 to $1,230 by the closing bell. On Friday, gold prices had a fractional decline with the most active December Comex contract closing at $1,222 per ounce. Even with Friday’s small daily decline, gold futures had a solid weekly performance resulting in a $15 price advance per ounce of gold. Last week’s strong finish was a direct result of a major selloff in U.S. and global equities on Wednesday and Thursday as... Read more