$1,374 Is Gold’s Next Target, Here’s How - Expert

March 25, 2019 - 12:48am

 by Gary Wagner

KITCO NEWS

Published on Mar 24, 2019

Gold should benefit on the back of weakening equities, and should the next resistance level be broken, $1,374 an ounce should be the next target, this according to Gary Wagner, editor of TheGoldForecast.com. “My current target is $1,374 [an ounce] and that is based upon a Fibonacci extension of the last rally,” Wagner told Kitco News.
 

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Please enjoy today's release of "Chart This", from The Street & Kitco News

Wiishing you as always, good trading,

Gary S. Wagner 

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Gold Forecast: Proper Action

Friday morning, March 8th, we issued a trade alert to buy June 2019 gold (GC M19)

Yesterday we issued the following - TRADE ALERT: TIME TO RAISE STOP - Raise stop from $1287.13 to $1297.13

Maintain long June 2019 gold at $1305 

Maintain Stop at $1297.13

Gold Market Forecast

Gold was the only precious metals continue to move higher. The Fed effectively set a new tone with their statement on Wednesday that there will NO rate hikes this year.  Today’s report will continue to detail price points to look for, and focus on our upside target .

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