Gold Shows Resilience As Crude Pop Sets Off Equities Rise | The Gold Forecast

Gold Shows Resilience As Crude Pop Sets Off Equities Rise

February 17, 2016 - 4:41pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we sent out a “Trade Alert” to enter a long position in gold:

Aggressive buy signal (current 1207 1208), stop just below 1189 (more to follow on today's show)

A conservative signal requires that the following day (Thursday) be a green candle (closes above open), with a higher high and higher low than today's candle.

Maintain long gold @ 1208 (current 1210)

Maintain Stop just below 1189

Gold Market Forecast

Today’s report will detail the rationale behind this morning’s trade alert.

It will also detail our exit strategy if gold prices continue to move higher.

Trending Markets: Proper Action

Although we have not officially sent out a trade alert, on Friday and also on Monday we spoke about trading the E-mini S&P 500 from the long side.

Yesterday we mentioned where stops should be if you entered the market. 

Trending Markets Forecast

Today’s report will detail our expectations and current forecast for US equities.

Sentiment Indicator: