Risk-On, Tax Cut Talk, and a Strong Dollar

September 27, 2017 - 6:47pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
We were stopped out of our long gold trade today.
 
long gold @ $1311.80, out @  $1290, for a loss of $22 or $2,200 per contract
Gold Market Forecast

Today's strong downside move has moved gold prices below critical support. As such the only remaining price were we can maintain a bullish model is 1280

Sentiment Indicator: