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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Expect Gold & Silver to Pullback Before the Next Move Higher

Commodities / Gold and Silver 2018 Dec 13, 2018 - 02:42 PM GMT

By: Chris_Vermeulen

Commodities

Our team of researchers, at www.TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins.

The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242.  We predicted this move over 40 days ago with this research post.  We still believe Gold and Silver are setup for a bigger move higher, yet we believe the recent upswing will briefly pause and retrace to levels we are showing, below, before attempting a bigger move to the upside.


This Daily Gold chart shows our Learning Fibonacci modeling system and highlights three key resistance levels.  We’ve also drawn a shaded RED range around the price levels predicted by our Fibonacci modeling system.  As you can see, the current Gold price has reached beyond the CYAN and GREEN levels and is just below the higher RED level.  We expect these resistance levels to briefly hold as price retraces back below $1230 (just below the BLUE support level).  At that point, the bottom will likely be a very quick, “V” type bottom, and prices will likely begin to rocket higher into the end of 2018 and through the early part of 2019.

This Daily Silver chart, the “other shiny metal”, is showing how recent highs, near $14.80, are continuing to restrict the upside price movement.  This resistance is similar to what we’ve seen in Gold and we expect a minor downside price rotation in Silver to play out before a much bigger move explodes higher.  Our Fibonacci modeling system is suggesting prices are capable of rocketing towards $16.00 on a strong price breakout and we believe some level of fear will enter the global markets throughout the end of 2018 and into early 2019.  This fear should push metals prices higher before briefly pausing near the end of Jan 2019.

Our predictive modeling tools are showing us that this initial upswing in Gold and Silver will most likely stall between February & March 2019 before starting a much bigger and more explosive move in April~May of 2019.  We will continue to alert you to new analysis when our modeling systems predict future price changes and this means we could continue to see increased volatility in the global equities markets for quite some time.

Want to know how you can profit from these moves in the metals markets and other sectors of the stock market?  Take a minute to visit www.TheTechnicalTraders.com to learn how we keep our members informed of future market moves using our proprietary price modeling systems and predictive modeling tools.  We have dedicated many years and thousands of hours into developing some of the most incredible predictive modeling tools on the planet.

Visit www.TheTechnicalTraders.com/FreeResearch/ to learn how we’ve been calling these markets and helping thousands of traders stay ahead of these market moves.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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