Fed Meeting and Strong Equity Market Weigh Heavily on Gold | The Gold Forecast

Fed Meeting and Strong Equity Market Weigh Heavily on Gold

September 18, 2017 - 7:00pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
We are currently flat with no active trades. We were stopped out of our trade as gold traded lower yesterday (Monday overseas)
Long December gold @ 1331.80 Out @ 1317, for a loss of $15.00 or $1500 per contract
Gold Market Forecast

With today's strong downside move in gold, and the upcomming FOMC meeting set to begin on Tuesday, we need to let the dust settle before making our next trade.

Sentiment Indicator: