Gold Closes Higher for the Fourth Consecutive Day | The Gold Forecast

Gold Closes Higher for the Fourth Consecutive Day

April 10, 2019 - 6:00pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
On Monday, April 8th,  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 ($1312 current) 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. Monday, April 8th we got exactly that. Today's report will continue to detail the trade alert and again explore our exit strategy and possible price points gold could reach.

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