Strong Upside Move in Both Gold & Silver | The Gold Forecast

Strong Upside Move in Both Gold & Silver

November 1, 2018 - 5:42pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Sent Today -- Trade Alert: Major Breakout in Gold, Buy December gold @ the market

Current price is 1234.30 up +19.40

Stop below today’s low @ 1216

Gold Market Forecast

Today’s strong upside move was a joint effort with dollar weakness adding to market participants bidding gold prices higher. The fact that gold finished very close to the intraday high is significant. Currently we see minor resistance at $1246 with major resistance at $1274 the 200-day moving average.

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