Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
Amazon Black Friday vs Prime Day vs Cyber Monday, Which are Real or Fake Sales - 1st Dec 20
The No.1 Biotech Stock for 2021 - 1st Dec 20
Stocks Bears Last Chance Before Market Rally To SPX 4200 In 2021 - 1st Dec 20
Globalists Poised for a “Great Reset” – Any Role for Gold? - 1st Dec 20
How to Get FREE REAL Christmas Tree 2020! Easy DIY Money Saving - 1st Dec 20
The Truth About “6G” - 30th Nov 20
Ancient Aztec Secret Could Lead To A $6.9 Billion Biotech Breakthrough - 30th Nov 20
AMD Ryzen Zen 3 NO UK MSRP Stock - 5600x, 5800x, 5900x 5950x Selling at DOUBLE FAKE MSRP Prices - 29th Nov 20
Stock Market Short-term Decision Time - 29th Nov 20
Look at These 2 Big Warning Signs for the U.S. Economy - 29th Nov 20
Dow Stock Market Short-term and Long-term Trend Analysis - 28th Nov 20
How To Spot The End Of An Excess Market Trend Phase – Part II - 28th Nov 20
BLOCKCHAIN INVESTMENT PRIMER - 28th Nov 20
The Gold Stocks Correction is Maturing - 28th Nov 20
Biden and Yellen Pushed Gold Price Down to $1,800 - 28th Nov 20
Sheffield Christmas Lights 2020 - Peace Gardens vs 2019 and 2018 - 28th Nov 20
MUST WATCH Before You Waste Money on Buying A New PC Computer System - 27th Nov 20
Gold: Insurance for Prudent Investors, Precious Metals Reduce Risk & Preserve Wealth - 27th Nov 20
How To Spot The End Of An Excess Market Trend Phase - 27th Nov 20
Snow Falling Effect Christmas Lights Outdoor Projector Amazon Review - 27th Nov 20
4 Reasons Why You Shouldn't Put off Your Roof Repairs - 27th Nov 20
Further Clues Reveal Gold’s Weakness - 26th Nov 20
Fun Things to Do this Christmas - 26th Nov 20
Industries that Require Secure Messaging Apps - 26th Nov 20
Dow Stock Market Trend Analysis - 25th Nov 20
Amazon Black Friday Dell 32 Inch S3220DGF VA Curved Screen Gaming Monitor Bargain Deal! - 25th Nov 20
Biden the Silver Bull - 25th Nov 20
Inflation Warning to the Fed: Be Careful What You Wish For - 25th Nov 20
Financial Stocks Sector ETF Shows Unique Island Setup – What Next? - 25th Nov 20
Herd Immunity or Herd Insolvency: Which Will Affect Gold More? - 25th Nov 20
Stock Market SEASONAL TREND and ELECTION CYCLE - 24th Nov 20
Amazon Black Friday - Karcher K7 FC Pressure Washer Assembly and 1st Use - Is it Any Good? - 24th Nov 20
I Dislike Shallow People And Shallow Market Pullbacks - 24th Nov 20
Small Traders vs. Large Traders vs. Commercials: Who Is Right Most Often? - 24th Nov 20
10 Reasons You Should Trade With a Regulated Broker In UK - 24th Nov 20
Stock Market Elliott Wave Analysis - 23rd Nov 20
Evolution of the Fed - 23rd Nov 20
Gold and Silver Now and Then - A Comparison - 23rd Nov 20
Nasdaq NQ Has Stalled Above a 1.382 Fibonacci Expansion Range Three Times - 23rd Nov 20
Learn How To Trade Forex Successfully - 23rd Nov 20
Market 2020 vs 2016 and 2012 - 22nd Nov 20
Gold & Silver - Adapting Dynamic Learning Shows Possible Upside Price Rally - 22nd Nov 20
Stock Market Short-term Correction - 22nd Nov 20
Stock Market SPY/SPX Island Setups Warn Of A Potential Reversal In This Uptrend - 21st Nov 20
Why Budgies Make Great Pets for Kids - 21st Nov 20
How To Find The Best Dry Dog Food For Your Furry Best Friend?  - 21st Nov 20
The Key to a Successful LGBT Relationship is Matching by Preferences - 21st Nov 20
Stock Market Dow Long-term Trend Analysis - 20th Nov 20
Margin: How Stock Market Investors Are "Reaching for the Stars" - 20th Nov 20
World’s Largest Free-Trade Pact Inspiration for Global Economic Recovery - 20th Nov 20
Dating Sites Break all the Stereotypes About Distance - 20th Nov 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Why Everyone’s Talking About Gold & Silver

Commodities / Gold & Silver 2019 Jan 26, 2019 - 07:27 AM GMT

By: Chris_Vermeulen

Commodities

If you have been following some of the research posts by some of the biggest names in the precious metals industry, you may understand “why” so many people are so excited about the opportunities in Gold and Silver recently.  There are so many facets to the fundamental and emotional functions of precious metals as an industrial commodity as well as a safe-haven investment to protect against risk and to hedge against inflation.  Old school traders were taught to “watch gold, oil, and bonds” for signs of concern, weakness and as a means of gauging total market sentiment.  The idea behind this statement was these market tend to act as the “canary in the coal mine” in terms of fear and risk.

Recently, we posted an article that suggested Gold, Silver and many other precious metals would move in unison as this new price expansion takes place (https://www.thetechnicaltraders.com/metals-moving-in-unison-for-a-massive-price-advance-part-ii/).  Many of our modeling systems are suggesting that Gold will rocket well above $1400 sometime near May or June of 2019.  These predictive modeling tools help us to identify opportunities and price moves well ahead of the other research firms available today.  Our unique tools can actually pinpoint times/dates when breakout moves should take place and allow traders to prepare for these moves months in advance – like today.


Within this article, we are attempting to highlight the fact that any lower price rotation in Gold or Silver would be an excellent opportunity for skilled investors to target new positions or to acquire more physical material.  We believe Gold and Silver will continue to rotate near current price levels over the next 30~60+ days while setting up a moderate range of rotation.  Buying near the lower range of this rotation will allow traders to set up advantageous long positions ahead of the suggested breakout dates and really capitalize on any upside advance.  Let’s go over some of our expectations as we prepare for this next move higher.

First, our TT Charger system on this Monthly chart shows that the core price support/resistance range, the CYAN, and RED narrow price channel, is currently just below $1300 and moving slightly lower.  This is important because this longer-term chart is reacting to the price peak from 2012 and this price channel is currently providing a resistance zone that we expect the price to break above in a very aggressive manner.  You can also see the BLUE DIAMONDS that represent current bullish price trend.  Since early 2016, the TT Charger modeling system has identified Gold as being in a bullish price trend.

This next Monthly Gold chart is strictly price action.  Our belief is that the resistance zone, highlighted in YELLOW, will act as a horizontal price channel over the next 30~60 days as price continues to build support and momentum for the upside breakout.  This suggests that any price level below $1240 would provide an excellent buying opportunity for skilled traders that believe as we do.  The future price rotation should continue to tighten as we near the May/June breakout date – thus, we may only have a few of these deeper low price rotation ahead.

Lastly, this Monthly Gold chart highlights our expectations of a FLAG FORMATION breakout and how we believe the price will meander a bit higher, closer to the $1325 level, before the big breakout to the upside happens.  You can see from the WHITE lines drawn on this chart that potential for price rotation nearing $1200 exists, yet we are not expecting any deeper price rotation over the next 2~3 months.  We believe any move below $1240 would be considered a fairly deep price low and present a clear opportunity for skilled traders.

We believe Gold prices will continue to congest closer to the $1300~1320 level as we get closer to the breakout dates.  Therefore, we suggest traders pay attention to price rotation as it plays out in the future for real setups and opportunities in the precious metals.  The large GREEN arrow showing a potential breakout towards the $1700 level is our estimate of this potential upside move.  Our predictive modeling systems are suggesting a minimum of $1550 will be reached by September 2019.  Thus, we are expecting a $1600~1700 initial price advance through this upside move that would start a WAVE C price advance.

We urge all traders to pay very close attention to these moves in the precious metals.  These are incredible opportunities that are setting up right before our eyes.  If you understand what this move means for the global markets and for equity markets, then we know you value our research.  If you want to stay aware of these types of moves and learn how our predictive modeling tools can help you find and execute better trades, then take a minute to visit www.TheTechnicalTraders.com to learn what we offer our clients.  Trust us, you really want to have a skilled team of researchers helping you understand how to prepare for this move.

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

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules