Powell’s Statement Highly Supportive of Monetary Easing | The Gold Forecast

Powell’s Statement Highly Supportive of Monetary Easing

July 10, 2019 - 6:39pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
We sent out a TRADE ALERT upon the open of New York Friday, July 5th. 
This after gold sold off to the tune of 30.00.
correction: Today we sent out a trade alert to move stop to $1411.13
 
Maintain long August Gold @ $1391.30 (current). Maintain stop @ $1411.13
 
STOP was Hit Thrusday morning in New York
 
Gold Market Forecast

it is all about today's testimony to Congress by the Chairman of the Federal Reserve. More to follow later on an additional commentary today. Today we will look at our upside target should gold continue to trade higher.

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