Recent Report:
Daily Report: 2 hours 21 min ago
Precious metals continue to react favorably as market participants and traders digest the most recent statement from the Federal Reserve which was released at the conclusion of yesterday’s FOMC meeting. There is no doubt about it, since the beginning of the year the Fed has done a major pivot from that of a hawkish demeanor with continued interest rate hikes this year, to a much more neutral and dovish monetary policy by the Federal Reserve. This pivot began emerging in January when for the first time in many years they omitted their dot plot from the FOMC statement. Yesterday’s statement from... 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
Traders and market participants waited with bated breath for the release of this month’s FOMC statement following conclusion of the Federal Open Market Committee Meeting today. The anticipation was not alleviated until the end of the press conference which started one half hour after the FOMC meeting ended and the Fed statement was released. It was widely anticipated that the U.S. central bank would leave interest rates alone and stick with a continued dovish stance which began at the conclusion of January’s meeting. However, market participants were greeted with an unexpected level of dovish... Read more
They say that the only certainty is death and taxes. However, in the case of this month’s FOMC meeting, the CME FedWatch Tool is predicting that there is a 98.7% probability that the Federal Reserve will not announce an interest rate hike at the conclusion of tomorrow’s meeting. Many analysts are predicting that the Fed will continue to place emphasis on their current monetary policy, reinforcing that patience will continue to be at the forefront of their actions and timelines of future rate hikes. This more dovish stance emerged in January when the Federal Reserve’s statement revealed a... Read more
There is a muted silence in the trading pits as gold futures are currently trading up $.30, with the most active April Comex contract currently fixed at $1303.20. Traders and market participants are awaiting the beginning of this month’s FOMC meeting, which will commence on Tuesday and conclude on Wednesday of this week. Although current expectations are that the Federal Reserve will leave interest rates where they are, there are some major topics that could be revealed in the statement which will follow the conclusion of this month’s meeting. ‘ Of course, the two major topics of interest will be... Read more
Considering the impressive global equities recovery and rally resulting from bullish risk-on market sentiment, gold held up rather well this week. Even with yesterday’s strong $13 plus decline, the precious yellow metal will end the week with modest gains. As of 3:30 PM Eastern standard time gold futures, basis the most active April contract is trading up $6.90 and fixed at $1302 per ounce. In fact, silver, platinum, and palladium are also all trading higher on the day. Although higher pricing across the board in the precious metals has been aided by tailwinds provided by a weaker U.S. dollar, it... Read more