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Gold and Silver Prediction Targets 2020

Commodities / Gold & Silver 2020 Jan 03, 2020 - 08:21 PM GMT

By: Chris_Vermeulen

Commodities

The Gold rally we predicted to happen in late 2018 took place, almost perfectly, based on our ADL predictive modeling systems results.  This rally took place in May through September 2019 and pushed  Gold up to levels near $1600.  The rest of the year, Gold consolidated near $1500 as a strong US Stock Market rally took hold in Q4 of 2019.  Our original prediction was that Gold would rally to levels near $1750 before the end of 2019 based on our Adaptive Dynamic Learning predictive modeling system (ADL).  This did not happen in 2019 as out ADL modeling systems suggested, but it appears Gold is setting up for another massive upside rally in 2020.


Taking a look at our ADL predictive modeling systems on Monthly charts for Gold and Silver, we see two very interesting suggestions setting up :

_  First, Gold may attempt a rally to a level above $1700 before March/April 2020 and potentially extend this rally to well above $1850 by August/September 2020.

_  Second, Silver appears to lag behind this Gold rally by about 7 to 8 months.  Silver does not appear to want to start a rally will well after July or August 2020.

If we consider what happened in 2008/09 with the global credit market crisis, both Gold and Silver contracted lower near the start of this crisis (in late 2008).  Eventually, Gold began to move higher in August/September 2009 (well into the crisis event).  Silver didn’t really start to accelerate higher will August 2010 – a full 12 months after the Gold rally started.

Our ADL system is suggesting that the Silver rally will lag behind the gold rally by about 10 to 14 months given the ADL predictions for price activity in 2020.  Thus, Gold may continue to rally much higher fairly early in 2020, yet we won’t see much upside movement in Silver till after July 2020.

Monthly Gold ADL Chart

This first Monthly Gold ADL chart highlights the ADL predictive modeling systems suggestion related to future price targets.  We can see the upside move in Gold should begin with an upside target near $1600~1625 over the next 60+ days.  After that, the rally should accelerate higher in April/May 2020 with another move higher towards $1700~1725.  By August/September 2020, Gold should attempt a rally to levels above $1800~1850 and then begin to consolidate above $1800 for a few months.

Silver Monthly ADL Chart

This Silver Monthly ADL chart suggests that Metals will react very similar in 2020 to what happened in 2008-09.  While Gold began to rally in August 2009, Silver did not begin to accelerate higher till August/September 2010.  This delay in the understanding that Silver presents valid protection against risk may take place in this current upside rally in Gold.  If the ADL predictions are accurate, then Silver will continue to provide buying opportunities for many months near $17.50~$18 before a major upside price advance begin.

By July 2020, Our ADL predictive modeling system is suggesting Silver will advance to levels above $18.25, then begin a major price advance to levels above $19~20 fairly quickly.  Please keep in mind the scope of these predictions related to the global markets and the US Presidential elections.  We read into this that a lot of chaos/turmoil may be taking place in the US/World after June/July 2020.

Weekly Gold Chart

This last chart is a Weekly Gold chart highlighting our Fibonacci Price Amplitude Arcs and the major resistance level that has just been broken in Gold.  The heavy GREEN arc and the BLACKLINE that we’ve drawn on this chart represent massive resistance originating from the lows near August 2018 in Gold.  We believe this resistance level, once broken, will prompt a major upside price move in Gold to levels closer to or above $1700.  If this price advance in Gold aligns well with our ADL predictions, then we believe fear will continue to drive future a future price advance in Gold and that fear may be related to continued Global stock market concerns and the US elections.

2020 may be a very good year for precious metals traders who are able to identify solid entry trades for these moves.  If our ADL predictions are accurate, Gold should rally over 25% before the end of 2020.  Silver may rally as much as 15% before the end of 2020.  The timing of these moves suggests Gold traders will have opportunities for bigger price advanced early in 2020 and will begin a larger upside price move after February/March 2020.  Silver will begin an upside price move after basing near the March/April 2020. 

2020 is going to be a fantastic year for skilled technical traders.  Join us and our valued members in finding great trades and incredible opportunities in the markets by joining www.TheTechnicalTraders.com

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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