{"id":128352,"date":"2018-06-13T04:58:36","date_gmt":"2018-06-13T08:58:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128352"},"modified":"2018-06-13T07:56:51","modified_gmt":"2018-06-13T11:56:51","slug":"gold-and-silver-setting-up-for-a-sleeper-breakout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/gold-and-silver-setting-up-for-a-sleeper-breakout\/","title":{"rendered":"Gold and Silver Setting up for a Sleeper Breakout"},"content":{"rendered":"
June 13, 2018<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors.\u00a0\u00a0 Why consider Gold or Silver when the NASDAQ or S&P leaders are rallying 2%+ per week?<\/p>\n

Well, the recent G7 meeting and President Trump\u2019s meeting with Kim Jung Un in Singapore may spark a little interest in these shiny metals as they setup a \u201crope-a-dope breakout\u201d for those not paying attention.<\/p>\n

One of the easiest components of Fibonacci price theory is the concept that \u201cprice must always attempt to establish new price highs or new price lows within price rotation \u2013 ALWAYS\u201d.\u00a0 For those of you that are familiar with our research, visit\u00a0www.TheTechnicalTraders.com<\/u>\u00a0if you are not, you know that the lack of new price highs indicates a downward trend may have formed.\u00a0 Conversely, a lack of new price lows indicated an upward price trend may have formed.\u00a0 With this in mind, let\u2019s take a look at this Monthly Gold chart.<\/p>\n

Please notice that the recent price lows, originating near the start of 2016 all the way through current price activities, are continually higher.\u00a0 Even the current price rotation, near the right edge of the chart, is still higher than the previous low price rotation near the middle of 2017.\u00a0 Ladies and Gentlemen, we have an uptrend already in place in Gold.\u00a0 The \u201crope-a-dope breakout\u201d that we are suggesting is right around the corner is the potential for a $1370 price break that has been setting up since June 2016.<\/p>\n

Our proprietary Fibonacci price modeling system is showing us the current price trend is BULLISH and that support is near $1250.\u00a0 Additionally, the newest Bearish Price Trigger level, near $1124, is a result of extended price rotation and lack of clear price trend (the \u201crope-a-dope\u201d setup).\u00a0 This has lulled many metals investors into thinking any price breakout may never happen if the global economy continues to strengthen.<\/p>

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Well, we\u2019re here to tell you that this price breakout may be less than 30 days away from now and the key to any potential move will originate in the global fear that may continue to grow as the world\u2019s leading economies continue to spar over trade, economic cooperation and fair opportunities going forward.\u00a0 Nearly 3 months ago, we authored a detailed research piece on China and the fact that China and SE Asia were entering an economic malaise cycle.\u00a0 The recent elections in Malaysia may have changed this perspective a bit, but the core economic cycles have not likely changed much.\u00a0 We believe Gold and Silver are setting up for breakout of the $1370 price level with the potential to rally to near $1430~$1463 within the next 3~5 months \u2013 +11.5% or more.<\/p>\n

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Silver, the other shiny metal, is the one investment that many have overlooked and the chart proves why this is the case.\u00a0 This Monthly Silver chart shows that silver has been trapped in a sideways trend for months.\u00a0 The price low, set in early 2016, is a critical low point regarding future price analysis.\u00a0 From this point, we are able to establish price waves, counts and other key factors of future price activities.\u00a0 Our proprietary Fibonacci price modeling system is showing use that the price of Silver MUST rally above $19.50 to qualify for a new BULLISH price trend.\u00a0 Currently, the price of Silver is $16.82.\u00a0 This means the price of Silver MUST rise by more than 16% to establish a new BULLISH trend.\u00a0 Hmm\u2026<\/p>\n

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Think about that for a minute..\u00a0 Gold has already shown a Fibonacci Bullish price trend is in place and a breakout is nearly upon us.\u00a0 Silver is showing a similar setup, but is telling us that price has to move upward by more than 16% to establish a new bullish price trend whereas Gold only needs to move higher by about 8% for the same outcome.\u00a0 Either way, if Gold moves higher by greater than 8% and Silver moves higher by greater than 16% from current levels) \u2013 that is a GREAT TRADE.\u00a0 The upside potential after that is even better.<\/p>\n

The price rotation required to achieve this upside breakout is likely to play out over the next 30~45 days or more.\u00a0 Remember, we\u2019re calling this a \u201crope-a-dope breakout\u201d because we believe this will be a sleeper move to the upside.\u00a0 Gradually climbing over the next 30+ days and gradually building up momentum till a massive upside breakout move takes place.\u00a0 By then, these lower price levels will be gone and the upside move will already be taking place \u2013 catching many traders flat-footed.<\/p>\n

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There has been talk that many big players are setting up short positions in the US markets (financials and others). We believe this could be a disaster waiting to unfold should the global markets play out as we expect.\u00a0 Yes, fear of some economic issues will continue to drive Gold and Silver higher, but we believe the US market is somewhat immune from this debt concern because it is really the only game on the planet to generate returns and opportunities.\u00a0 Things can change, but for right now, expect Gold and Silver to continue to rotate higher and watch for Silver to start moving at 1.5x or 2.x that of gold as the breakout takes place.\u00a0 This \u201crope-a-dope breakout\u201d is setting up to be a fantastic trading opportunity for those able to see it unfolding.<\/p>\n

Stay aware of these fantastic trade opportunities by visiting\u00a0www.TheTechnicalTraders.com\u00a0<\/u>and learn how we can help you stay ahead of the markets with our advanced predictive modeling systems, expert research, daily video content and detailed trading signals.\u00a0 Our proprietary research is second to none \u2013 you won\u2019t find these tools or capabilities anywhere else.\u00a0 Visit our Wealth Building Newsletter today to learn how we\u2019ve called nearly every move in the markets this year and continue to astound our members with our detailed research.\u00a0 Opportunities exist for profits every month \u2013 it is simply a matter of finding them (that\u2019s what we do) and you just execute the trade setups.<\/p>\n

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors.\u00a0\u00a0 Why consider Gold or Silver when the NASDAQ or S&P leaders are rallying 2%+ per week? Well, the recent G7 meeting and President Trump\u2019s meeting with Kim […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128352","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=128352"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128352\/revisions"}],"predecessor-version":[{"id":128353,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128352\/revisions\/128353"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}