Multiple Events Shape the Global Financial Outlook

March 15, 2019 - 5:58pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Friday morning, March 8th, we issued a trade alert to buy June 2019 gold (GC M19)

Maintain long gold at 1305

Maintain Stop at 1287.13

Gold Market Forecast

Although gold lost significant ground yesterday, we saw a majority of those declines erased with today's modest gains. Gold did close higher on the week. On today’s report we will continue to define why we believe that the yesterday's decline did not cause any major chart damage. We will cover our upside target as well as the price points that we need to watch, on the way. We will explain why we are looking for gold to trade higher in the week ahead.

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