Gold Forecast 2019 Part II

January 25, 2019 - 6:38pm

 by Gary Wagner

Read the Full Study:  please click this link.   https://thegoldforecast.com/gold-forecast-2019

An extremely remarkable day for the precious metals markets. Gold traded roughly $20 higher on the day, and palladium gained just a little over $40 today. Interestingly enough this market spike has occurred on the same day when I am releasing a major study which I began at the end of last year to create my Gold Forecast 2019, Part II

It is most appropriate that we are releasing this study today because it not only forecasts where this current rally will take us to, but more importantly how gold could trade over the next two years.

Our studies indicate that at the conclusion of a major rally, a fifth wave which began in December 2015 will take gold pricing to a new all-time record high.

Click here to Watch Gold Forecast 2019 Part I

or type in the URL: https://thegoldforecast.com/video/gold-forecast-2019

Wishing you as always, good trading,

Gary S. Wagner - Executive Producer

Sentiment Indicator:

Gold Forecast: Proper Action
We are currently flat with no active trades, however we will go long on Monday. We will said out a trade alert to that effect.
 
Thursday morning, January 17, we sent out a ...TRADE ALERT: to sell (cover) our long Feb gold @ $1289.90 and to REMOVE the STOP
 In at $1268.59 out @ 1289.90 for a profit of $2140.00 per contract
 
We also Bought April Gold @ Market and Placed our Stop at $1283.13
That stop was hit on Monday January 21 for a loss of  $11.87 or $1187 per contract.
Gold Market Forecast
All week we have been speaking about the $64,000 question - whether or not this recent price decline in gold is signaling a shallow and quick selloff, or an indication that a correction has begun which will take pricing lower. Today we got that answered: a shallow retracement.
 
Because we see support we will issue a by signal on Monday