Daily and Weekly Candlesticks Indicate Potential Support

May 3, 2019 - 7:13pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

We are currently neutral with no active trades in gold or silver. However indications on both the daily and weekly candlestick charts are that there is a real probability that we might see gold and silver trade higher next week.

Both today's report as well as the Market Forecast will go into more detail about this assumption. If we do get follow-through buying at the beginning of the week it would trigger a buy signal. In that case we would send out a special trade alert to that effect.

Gold Market Forecast

The fact of the matter is that ever since gold pricing hit this year's apex at $1350 per troy ounce, pricing has been under pressure trading to a series of lower lows as well as lower highs.

However today's video report will detail why there is the real potential that the last two weeks resulted in a base and support level being found in gold. Watch today's report for a more detailed analysis.

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