Gold Reacts to Three Distinct Events | The Gold Forecast

Gold Reacts to Three Distinct Events

March 9, 2018 - 8:12pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Tuesday, March 6th we sent out a Trade Alert: Buy April Gold @ Market
 
Following today's jobs report gold traded to a low of 1313 before recovering
Long gold @ 1335.50 stop  hit @ 1316 for a loss of $19.00 per ounce
Gold Market Forecast

An extreme knee jerk reaction to today’s job report numbers caused gold to trade to $1313 before recovering. However, it was yesterday’s close below the 50 day moving average that created the overall bearish tone now seen in gold pricing

Sentiment Indicator: