Gold Closes at a Historical Level

June 21, 2019 - 5:45pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Maintain Long gold @ $1339.10 (current $1393)
Thursday, June 20th, we sent out a TRADE ALERT Move stop from $1341.13 to $137913
Gold Market Forecast

Truly a historical moment with gold breaking above $1400 per ounce, and closing at $1403. On today's video report we will detail our current trade, address our current stop, and talk about where I would like to move the stop up early next week
We will also look at the recent highs that have been achieved an attempt to determine whether or not the market is in fact over bought. While on a technical basis we certainly have evidence that the market is overbought, the fundamentals which are driving the market higher are in essence a perfect storm which means there could be much more room to the upside. In either case we are and profit center current trade and took profits on our last trade.

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