It’s A Mad, Mad, Mad World | The Gold Forecast

It’s A Mad, Mad, Mad World

February 9, 2018 - 7:27pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Yesterday we sent out the following trade alert.

Gold is currently @ 1323 Buy @ the market. Place stop below low of today (1305)

Maintain long gold @ 1323
Maintain Stop @ 1305

Gold Market Forecast

We had an alinement of multiple factors which led me to trigger the buy signal yesterday, The 50-day moving average, the 50 % retracement, and the intra-week low all occurred at the same price point.

I am looking for gold to trade higher next week.

Sentiment Indicator: