{"id":141302,"date":"2019-02-06T18:41:02","date_gmt":"2019-02-06T23:41:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141302"},"modified":"2019-02-06T18:41:02","modified_gmt":"2019-02-06T23:41:02","slug":"gold-breaks-lower-what-next","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/gold-breaks-lower-what-next\/","title":{"rendered":"Gold Breaks Lower \u2013 What Next?"},"content":{"rendered":"
February 6, 2019<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months.\u00a0 On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals\/Miners<\/a>.\u00a0 In this post, we suggested that the recent peak in Gold, near $1330, would likely end and prompt a downside price rotation over the next 45+ days.<\/p>\n

Subsequently, on January 28, we posted this article: 45 Days Until A Multi-Year Breakout For Precious Metals<\/a>.\u00a0 In that post, we highlighted our predictive modeling systems support of a sideways price correction in the precious metals markets that would align with US stock market strength and US Dollar strength.<\/p>\n

Today, the price is moving in favor to confirm that our modeling systems and research is correct again.\u00a0 Gold has recently broken lower, below $1315, and appears to be targeting our lower Fibonacci projected target levels.\u00a0 At this point, we believe the Fib level near $1302 will offer minor support and the lower level near $1282 will become major support.\u00a0 We believe the psychological level at $1300 will be tested and broken over the next 30+ days as rotation above $1275 continues to play out.\u00a0 Remember, if our analysis is correct, Gold will provide multiple excellent buying opportunities over the next 30+ days for skilled traders to prepare for the larger upside move.<\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

We believe the downside price breakdown is aligning with general US stock market and US Dollar strength that should last until near the end of March or early April 2019.\u00a0 We believe a moderately deep price rotation in precious metals will allow skilled traders to accumulate positions below $1285~1290 in preparation for the upside breakout move.\u00a0 Read the articles linked above to understand why this is so important for all traders to understand.<\/p>\n

The next 2~4 months of trading activity are critical for all investors to understand the dynamics of what is at play across the global markets.\u00a0 Our research suggests we have about 45 days of moderate calm before precious metals begin to breakout to the upside.\u00a0 If you understand the importance of this move, then you\u2019ll understand WHY you need to be prepared for this to happen.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Want to know how we can help you prepare for and profit from these moves?\u00a0 Do yourself a favor and read the free research of our proprietary predictive modeling systems, cycle modeling system, and Fibonacci price modeling systems. These incredible tools we use help our members stay well ahead of these market moves\u00a0TheTechnicalTraders.com<\/u><\/a>\u00a0 to read all of our public research posts.<\/p>\n

Don\u2019t wait till it\u2019s too late for this one.\u00a0 Take a minute to see why you really need to consider having a skilled team of traders and researchers backing you up every day.\u00a0 2019 is already proving to be a great year for our members as we recently locked in 10.5% with an ETF, and another 8% on stock, and we would love to help you achieve greater success this year as well.<\/p>\n

Chris Vermeulen<\/p>\n

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

By TheTechnicalTraders.com The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months.\u00a0 On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals\/Miners.\u00a0 In this post, we suggested that the recent peak in Gold, near $1330, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-141302","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141302","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=141302"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141302\/revisions"}],"predecessor-version":[{"id":141303,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/141302\/revisions\/141303"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=141302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=141302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=141302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}