Global Equities Sell-Off Spills Over to U.S. Markets | The Gold Forecast

Global Equities Sell-Off Spills Over to U.S. Markets

December 14, 2018 - 6:43pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
We will enter the week flat with no active trades
 
Yesterday we sent out this TRADE ALERT: Maintain long February gold @ 1231 MOVE stop UP from $1235.13 to 1240.13
 
Our Stop was hit today: long @ $1231 out @ $1240.13 for a profit of  $9.13 or $913.00 per contract
 
This takes the total profit to about $3000.00 over 3 legs
 
Last week we took profits on two trades. First when we rolled over the December gold contract we took a $600 profit, and second when we covered one of the two long February gold trad we tool a profit of $1460, for a total of $2060.00
Gold Market Forecast

It’s all about next week's FOMC meeting, and what the Fed does. Look for more in the week ahead about this topic.

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