Major Chart Damage Created on Today’s Sell-Off in Gold

April 16, 2019 - 6:10pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

We are currently flat with no active trades

Gold Market Forecast

On today's show we will look at how Thursday's dramatic selloff was the beginning of something much bigger. Initially we had looked at the possibility that that $20 decline would be a single day event rather than the beginning of a defined correction.

Both yesterday and today's lower pricing indicates just the opposite. On today's video report we will look at in detail critical price points that we could find support at, and defined the rationale behind those price points.

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