Flat U.S. Equities and Dollar Weakness are Supportive of Gold Prices | The Gold Forecast

Flat U.S. Equities and Dollar Weakness are Supportive of Gold Prices

April 8, 2019 - 5:58pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This afternoon we sent out a trade alert.

Trade Alert: Buy June gold at the market (current 1301.50 - $1301 80)

Place Stop at $1287.13.

Maintain long  June gold @ $1301.65 and stop @ $1287.13

Gold Market Forecast

Last week we spoke about the fact that we saw solid support and a base forming in gold. On Friday we said that a close above $1300 per ounce would trigger a buy signal. Today we got exactly that. Today's report will detail the trade alert and potential resistance areas above current pricing.

 

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