Trump’s Tariffs and Looming Trade War Pressures Equities & Lifts Gold Prices

March 22, 2018 - 6:25pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we sent out a Trade alert to: Buy April gold @ Market (1330 current)

Place stop @ 1314.30

Maintain long gold @ $1329 and Stop @ 1314.30

Gold Market Forecast

investors shifted focus and market sentiment from the Federal Reserve to the threat of an escalating trade war with China that has the potential to disrupt global growth. This could certainly change the former Risk-on Sentiment in favor of the Safe-Haven Asset class such as gold.

Sentiment Indicator:
Gold -> Bullish