Hard Drop in Dollar Moves Gold Higher | The Gold Forecast

Hard Drop in Dollar Moves Gold Higher

November 14, 2017 - 5:49pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

We are flat with no active reades as we were stopped out of our gold trade

Last thursday morning we issued a Trade Alert: Buy Gold @ Market.  Stop below 1272
I(n @ 1287.5 out @ 1271 for a loss of 1650 per contract
Aggressive traders added 1 contract @ current 1279 for a loss of $8.00
 
Gold Market Forecast

Since gold pricing moved back below 1282 it is back within a defined range. It will be the Tax cuts success or failure that will most effect gold pricing

Sentiment Indicator: