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Are You Ready for the Next Big Move in Gold?

Commodities / Gold & Silver 2019 Mar 10, 2019 - 09:09 PM GMT

By: Chris_Vermeulen

Commodities

If you were following our research, you would have known that Gold had reached a short-term peak in February. On Feb 19th the day gold posted a huge gain for the day and everyone was bullish and feeling like million bucks I did a radio show with HoweStreet’s Jim Goddard and said that strong day and overly positive sentiment was the going to be the top, which it was – Listen Here.

We had been advising our members that Gold would likely retrace below $1300 possibly beeper by and mid-April.  Our advanced Adaptive Learning price modeling systems had warned us that Gold would likely setup a price rotation before the next move higher back in January 2019.  This is what you need to know about the next 4+ weeks in Gold.


First, this downside price move is not over yet.  It will likely continue through early April – attempting to establish a price base and new momentum bottom.  Our opinion is that $1260 is currently the ultimate low price objective – although this is a soft target.  Meaning, the price could retrace below this level (possibly towards $1240) before establishing a true price bottom.  Be prepared for a low price near or below $1265 at some point in the near future.

Second, this downside price move in Gold will likely create opportunities for skilled traders over the next 3~6+ months.  Our longer-term predictive modeling systems suggest that Gold will rally towards $1500 or higher near May/June of 2019.  Thus, this downside move in an opportunity for skilled traders.

Third, we believe global economic and political news cycles are prompting a shifting capital across the planet at the moment.  Global capital is likely shifting into safety in the US Stock market and away from high-flying technology and biotech stocks.  Because of this, the fear that would typically drive a rally in Gold has been partially abated.  The strength of the US dollar and the willingness of investors to shift capital into larger Blue Chips and Mid-Caps helps to reduce the true “fear hedge” that would drive Gold prices higher.

Lastly, we believe this trader psychology will change in late April or early May of this year.  Our predictive modeling systems suggest a strong price advance in Gold will take place in May/June of 2019.  Our cycle analysis suggested that April 21~24, 2019 are “key dates” for a cycle bottom or some type of news event that could change the dynamics of the precious metals markets.  Pay attention.

This means that we need to be prepared for the downside price rotation in Gold and be aware that April 21~24 are likely to be a major inflection point in the precious metals markets.  Skilled traders would be looking for opportunities before these dates and positioning themselves for the upside move.

Our research team, at Technical Traders Ltd., believes the $1260 level is true support – although we believe $1245 or so maybe an ultimate “washout low” price level to watch for.  At this time, we are waiting for a clearer basing formation to establish new long positions and we are watching the US Dollar as well.

There is still plenty of time for this base/bottom to setup.  Remember the April 21~24 date range and plan for key opportunities to setup 7~10 days before this key date.  The next move higher in Gold should push prices well above $1400 with a high price target near $1540 for the longer term.  If you are a “gold-bug” and/or want to find some real opportunity in the markets, then you won’t want to miss this next move.

If you want to join a group of professional traders, researchers, and friends, take a look at our trading newsletter to learn how we can help you find and execute better trades each month.  We believe 2019 and 2020 will be incredible years for skilled traders and we are executing at the highest level we can to assist our members.  In fact, we are about to launch our newest technology solution to better assist our members in creating future success.

Our team has 53 years of experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our stock and ETF trading alerts are readily available through our exclusive membership service via email and SMS text. Our newsletter, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.

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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