Powell Puts Pressure on the Dollar

August 24, 2018 - 6:15pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Tuesday, August 21, we sent out a TRADE ALERT to BUY December gold @ the market. Wednesday we sent out a trade alert to raise our stop.
Maintain LONG december gold at $1199.50 Maintain Stop @ 1189.50 ****
**** we know many subscribers use our stop placement prices as a guide, and some take the price as we recommend, therefore please email me at gary@thegoldforecast.com to let me know if you are still long or were stopped out today..
If you did get stopped put you lost 10.00 or $1000 per contract.
Monday, August 20,  we pulled profits on our short gold trade. We were short  December gold @ $1217.60, we got out @ $1195.13 for a profit of  $22.47 or $2247.00 per comex contract
Gold Market Forecast

If we have follow through buying on Monday we will look to re enter gold from the long side (if your stop was hit). We will provide commentary for both subscribers still long and those who are out of market due to the stop being hit.

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