Gold Futures Currently Higher After Trading to a New Two-Week Low

February 14, 2019 - 6:02pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we sent out a: Trade Alert: Time to enter Long

Buy April Gold @ the market (current 1316.20 +1.10)

Stop at 1298.13

More to follow on today’s show

Gold Market Forecast

Since the overall demeaner of this rally has been price spikes to higher pricing followed by a period of market consolidation, it seemed logical to position ourselves for that potential. The golden cross identified as the 100-day moving average crossed above the 200-day moving average and the large upside gain in spot gold added support to that call.

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