Gold Performance Lackluster in Light of Geopolitical Hotspots | The Gold Forecast

Gold Performance Lackluster in Light of Geopolitical Hotspots

April 10, 2017 - 5:42pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

P.S. Want to get my Gold Forecast that's returned 1600% since 2010 for free?  Click Here

Members section is now available for free, because 14 days has past since its publication.

Gold Forecast: Proper Action
 
We pulled profits this morning when our stop was hit on our long gold trade. All stops were hot at 1251
For those trader that were in from 1237- in at 1237 out at 1251 for a profit of $14.00 or $1400 per contract.
For those trader that were in from 1250 - in at 1250 out at 1251 for a profit of $ 1.00 plus $10.00 (from last trade) for a total of $11 or $1100 per contract.
 
 
 
Gold Market Forecast

Based upon our current technical informationIt seems most likely that gold is currently in a period of consolidation, rather than atop.

However until the point in which gold can effectively trade above and close above 1260 our current level of resistance we will most likely remain sideline awaiting our next signal.

Sentiment Indicator: