Gold Trades Slightly Lower in Subdued Trading

December 5, 2018 - 5:58pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

P.S. Want to get my Gold Forecast that's returned 1600% since 2010 for free?  Click Here

Members section is now available for free, because 14 days has past since its publication.

Gold Forecast: Proper Action

This Morning we sent out a Trade Alert:

Trade Alert: Time to take profits and raise stop

 

We bought gold @ $ 1228.30 on Wednesday November 28

We Rolled over the December gold on December 2 to Feb gold @ $ 1231

Recommendation sell 1 contract of Feb gold, keep the other one and raise stop

Since it is first in, first out cover (sell) 1 gold at the market (current is $1243.8)

Move your stop on the other gold position to $1235.13

In @ $1228.30 out @ $1243.90 for a profit of $1460 per contract

Maintain long February gold @ 1231 Maintain stop @ $1235.13

Gold Market Forecast

On today's report we will go over this last trade, our current position, and what we plan on doing going foward.

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