Gold Continues Fed Enhanced Rally

March 20, 2017 - 5:07pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we sent out a special trade alert to "Buy JUNE 2017 gold at market (symbol is GC M7) current is 1237 with a stop below 1219"

Maintain your current long position at 1237

Maintain your current stop below 1219

Gold Market Forecast

As you know immediately following the conclusion of last week's FOMC meeting we have been looking for a price point to enter the market from the long side. In essence we have been waiting for a dip. Over the last four trading days the market has traded higher, and not provided us with any kind of dip in price to initiate a long position. Based upon market action today we did recommend initiating a long position in gold, details are contained within today's video report.

Sentiment Indicator: