Gold Futures Break Below $1,200 | The Gold Forecast

Gold Futures Break Below $1,200

September 4, 2018 - 4:46pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

this morning we sent out a Trade Alert: Sell December gold @ the Market (current $1199.5)

Equal selling pressure and strong dollar have taken gold 7.30 dollars lower

Place stop @ $1218.13

 

Gold Market Forecast

Last Friday we spoke about the strategy we would implement if gold future broke a closed below $1200. Today after a 3 day holiday, gold did in fact sell off, prompting us to send out a trade alert. Today's video will detail the trade, stop placement and exit strategy IE downside target.

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