Gold Prices Retreat as Equities Trade to a New All-Time High

February 9, 2017 - 5:32pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
We are currently flat with no active trades
Today we sent out a trade alert to pull profits on long gold trade
In @ 1203 out @ 1229 for a profit of $2600 per Contract
Gold Market Forecast

Inasmuch as I believe that the long-term outlook for gold pricing remains bullish, it is quite possible that we have reached an interim basis a short-term corrective top.

As we will discuss in detail on today’s video report there is a real potential that we will see further downside pressure in gold pricing, and over the next few days will look at potential Fibonacci retracement based price points for support.

Trending Markets Forecast

Editor’s Note:  We are now delivering the trending markets module into the daily and weekend Gold Forecast video's.

 

You will now see the additional markets commentary and the gold forecast all contained within a single report.

Sentiment Indicator: