Gold prices fell sharply following an announcement by President Biden to nominate Chairman Jerome Powell to continue to be at the helm of the Federal Reserve for the next four years.
Gold is trading under pressure, which will certainly result in gold closing lower on the week. As of 5 PM EST gold futures basis, the most active December 2021 Comex contract is down $13.80 (0.74%) and fixed at $1847.
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.
We offer Trade Alerts for Gold Futures (GC), XAUUSD (forex), GLD, Silver Futures (SI), XAGUSD, and SLV.
SMS feature is available in 150+ countries
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.
Example trade alert:
Trade Alert: Buy gold and silver at the market
Buy June Gold (GC M21) at the market (current 1744.20). Place stop at 1704.
Buy May Silver (SI K21) at the market (current 25.21). Place stop at 24.25.
Buy XAUUSD at the market (current 1743.21). Place stop at 1704.
Buy XAGUSD at the market (current 25.15). Place stop at 24.45.
Buy GLD at the market (current 162.82). Place stop at 162.
Buy SLV at the market (current 23.25). Place stop at 22.85
Gary S. WagnerCEO & executive producer
Joseph M. Wagner IIEditor & technical analyst
Beata SzczeblowskaSales & tier 1 support
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.
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.
More about trading system
Our paid service includes:
A 5-10 minute technical analysis presented by Gary Wagner published around 5 PM EST. Includes studies incorporating Elliot wave models, Fibonacci retracement and candlestick patterns.
Buy and Sell signals with stops, sent via e-mail and text message (SMS). We offer Trade Alerts for Gold Futures (GC), XAUUSD (forex), GLD, Silver Futures (SI), XAGUSD, and SLV.
Defines current active trade and stop placement suggestion.
Tells subscribers where we think prices will go over the short and interim term.
HD images of our most current charts. These charts include all of the technical studies used to create the show and other current models and studies.
Briefings about Bitcoin futures, especially pertaining to the cash settled, 5-coin contracts offered by the CME, (BTC). Joseph goes over the recent technical data behind the first and largest CFTC regulated Bitcoin exchange.