New Gold Trading Advisory Update for Dec 28th

Almost hit the target of 1295.00 today from my gold trade signal alert from Dec 20th. Still looks bullish to me. These are my own personal free gold trading advisory signal alerts and commentary. If I am filled on a buy or sell trade signal each day I will move my protective stops to limit losses until I exit the position. This information is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by Barchart.com

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Gold Trading News Today

Gold futures prices climbed Thursday, closing at at a 10-week high in a light seasonal volume as a weaker dollar offered the dollar-pegged commodity complex a runway to advance. February gold rose $5.80, or 0.5%, to $1,297.20 an ounce, marking its highest settlement since Oct. 16, when the contract finished at $1,303, according to FactSet data. A softening dollar, which can make the yellow metal more attractive to buyers using less potent currencies, has been the major catalyst for the recent updraft in gold futures. The ICE U.S. Dollar Index DXY, -0.38% which measures greenback against a basket of six rivals, was down 0.5% at 92.59. The dollar’s slide comes even as the Federal Reserve increased interest rates mid-month, which should help support bucks. However, expectations that other global central banks will end easy-money policies in coming months has weigh on the U.S. unit.  Read the full story: Gold settles at 10-week high as soft dollar spurs rally in metals

Good Trading!

Guy

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