The After Christmas Message Is That You Better Watch Out | The Gold Forecast

The After Christmas Message Is That You Better Watch Out

January 7, 2016 - 4:47pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Although we did not issue a “Trade Alert” via email yesterday, on the video report we did outline trade parameters to enter a long trade in gold.

Traders taking that advice got long @ 1091, with a stop below 1080. This was followed by today’s email trade alert…

For those who did not take the call this trade alert recommends that you do. Buy Gold @ market (1107 current).

All stops (whether you entered yesterday or today) should be below 1097.

Maintain long gold @ 1107 (or 1091)

Maintain Stop below 1097

Gold Market Forecast

Just as we have witnessed one of the most dramatic declines in both US equites and crude oil, gold has finally awoken from its deep slumber, to act once again as a safe haven asset. Whether this will signal a major trend reversal is to be determined as more time goes by, but for now we can say with confidence that gold is in rally mode.

Former resistance at 1080 is now just a memory, and former resistance at 1100 is now support

Trending Markets: Proper Action

Watch today’s report where we will detail our current strategy

Trending Markets Forecast

Both crude oil and equites continue under extreme pressure with bottom price points in both markets uncertain. All eyes will be on trading in China tonight as they lift the current sell restrictions tomorrow morning in Shanghai. Today’s report will detail our current strategy

Sentiment Indicator: