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Countdown to The Precious Metals Gold and Silver Breakout Rally

Commodities / Gold & Silver 2019 Mar 15, 2019 - 04:25 PM GMT

By: Chris_Vermeulen

Commodities

If you have been following our research over the past few months, you already know that we’ve called just about every major move in Gold over the past 14+ months.  Recently, we called for Gold to rally to  $1300 area, establish a minor peak, stall and retrace back to setup a momentum base pattern.  We predicted this move to take place back in January 2019 – nearly 30+ days before it happened.

Now, we are publishing this research post to alert you that we are about 15~30 days away from the momentum base setup in Gold which will likely mirror in Silver.  Thus, we have about 20+ days to look for and target entry opportunities in both Gold and Silver before this momentum bottom/base sets up.


This Monthly Gold chart, below, shows you the historic peaks that make up a current resistance level near 1370.  This level is critical in understanding how the momentum base and following breakout will occur.  This resistance level must be broken before the upside rally can continue above $1400, then $1500.  Ultimately, the momentum base we are expecting for form before April 21 is the “last base” to setup before a much bigger upside price move takes place.  In other words, pay attention over the next 30 days before this move happens.

This next Monthly Silver chart is the real gem of the precious metals world.  The upside potential for Silver is actually much bigger than Gold currently.  Any breakout move will likely see Silver push well above $30 per ounce and we just need to watch the $18.90 level for signs the breakout is beginning.  Silver will follow a similar basing patter as Gold.  We expect only about 30 days of buying opportunity left before this basing pattern is completed.  Again, watch the April 21 date as the key date for the breakout move to begin.

Palladium has reached our initial Fibonacci upside price targets.  We expect price to consolidated and potentially rotate near the $1500 price level.  Ideally, price could fall below the $1300 price level and target the $1100 area before finding any real support.  As long as industrial demand continues for Palladium, we expect to see continued upside price activity over the long run.  Right now, we are expecting a price contraction as global industrial demand may falter a bit.

Please consider the research we are presenting to you today.  Our predictive modeling systems have been calling the metals markets quite accurately over the past 14+ months.  If our prediction of a momentum base on or near April 21 is correct, then we should begin to see an incredible upside price swing in Gold and Silver shortly after this date.  You won’t want to miss this one – trust us.  There will be time to catch this move when it starts – it could be an extended upside move.  Pay attention and put April 21 on your calendar now.

If you like our research and our level of insight into the markets, then take a minute to visit our site to learn how we help our clients find and execute for success.  We’ve been calling these market moves almost perfectly over the past 18+ months.  Learn how our research team can help you stay ahead of these swings in price and find new opportunities for skilled traders.  Take a minute to see how we can help you find and execute better trades by visiting www.TheTechnicalTraders.com today.

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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