What Wall?

September 15, 2017 - 8:37pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Thursday morning we issued a Trade Alert to : Buy Gold @ Market and place a stop below $1318
 
Maintain long December gold @ 1331.80 Maintain Stop below $1318
 
Last Trade: Monday (9/11) our stop was hit for a $32 dollar profit ($3200 per 100 oz contract).. Long gold @ 1300 Out @  1332
Gold Market Forecast

Today’s moderate price decline did not result in any major chart damage. It has however come close to a defining critical level of support at $1318 which must be held. A break below that price point would negate that assumption. 

Sentiment Indicator: