Gold, Silver and Platinum Close Higher, as Palladium Continues to Plummet | The Gold Forecast

Gold, Silver and Platinum Close Higher, as Palladium Continues to Plummet

April 4, 2019 - 5:44pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

We have no active positions in gold or silver.

However we did issue a buy signal for June 2019 palladium futures.

Maintain Long June palladium @ $1391.80 

Maintain stop @ 1299.13

Gold Market Forecast

The most important data to be released this month will be tomorrow's jobs report by the US Labor Department. At the same time current negotiations in Washington between the Chinese delegation and the United States could return favorable results according to President Trump. These two factors will guide and influence the future direction of gold.

I still believe that we are seeing gold pricing forming a base, and especially after hitting the lows today exhibited price resilience and support above $1290 per ounce

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