Dow, Dollar, and Doubters Take Gold Lower

October 17, 2017 - 6:41pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
A week ago Monday we sent out a Trade Alert to:  Buy (Dec 2017) Gold @ market (Current 1287), with a Stop below 1263
On Friday morning of last week we raised stop. Yesterday we made a suggestion to take profits on current trade. Today our stop was hit.
 Long gold @ 1287. out @1289 for a profit of $2.00 ($200 per contract). *
* Those taking profits yesterday too $1200 in profits
Gold Market Forecast

Today’s continued downside pressure took gold pricing lower. Today’s show will speak abut our last trade, and look a potential support levels.

Sentiment Indicator: