Multiple Factors Shape a More Bullish Market Sentiment for Gold | The Gold Forecast

Multiple Factors Shape a More Bullish Market Sentiment for Gold

April 9, 2019 - 6:05pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Yesterday afternoon, April 8th,  we sent out a trade alert.
 
Trade Alert: Buy June gold at the market (current 1301.50 - $1301 80)
Place Stop at $1287.13.
 
Maintain long June gold @ $1301.65 and stop @ $1287.13
Gold Market Forecast

Last week we spoke about the fact that we saw solid support and a base forming in gold. On Friday we said that a close above $1300 per ounce would trigger a buy signal. Monday, April 8th we got exactly that. Today's report will detail the trade alert and begin to look at our exit strategy and possible price points gold could reach.

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