It is a One, Two Punch for Gold | The Gold Forecast

It is a One, Two Punch for Gold

June 26, 2018 - 6:08pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

On today’s show we lay out the reasons behind issuing a sell signal in gold.

Trade Alert: Sell August or October gold. Currently at 1260.80 (1266 October contract)

Place Stop at 1272 (August) or 1279 (October)

Gold Market Forecast

Multiple factors have lead up to today’s sell signal. The fundamentals and the technical indicators both support lower gold prices. Over the next few days we will go over our downside target, and exit strategy.

Sentiment Indicator:
Gold -> Bearish
Silver -> Bearish
S&P 500 -> Neutral
Bitcoin -> Neutral