One Model Which Can Help Traders Navigate Gold Prices | The Gold Forecast

One Model Which Can Help Traders Navigate Gold Prices

September 11, 2019 - 7:18pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

We are currently flat with no active trades in gold or silver. However, today’s video report will present a model which indicates that gold is currently in a counter wave “b”, which should take current pricing is high as $1547 per ounce. As long as gold pricing remains above $1500 over the next 24 hours it would trigger a buy signal with an exit strategy for current pricing.

Gold Market Forecast

Today’s video will detail the current impulse phase which is composed of five waves, with waves one, three and five representing the bullish sentiment, and waves two and four as counter waves taking pricing lower. We will forecast the upper end of where we believe that gold will trade to at the conclusion of this cycle.

Sentiment Indicator:
Gold -> Bullish
Silver -> Bullish
S&P 500 -> Neutral
Bitcoin -> Neutral
Bitcoin fundamentals by Joseph M. Wagner II:

BTC futures are holding resilient still trading above $10k at $10,160 up 1% on the day as of 5:30 PM EDT. Although there was a dip to $9,900 overnight regardless it can be characterized as a narrowing of range over the past three months and is quite stable in price considering the wild swings that occur in this market volatility has come down substantially. Resistance and support labeled on today’s chart.