{"id":143290,"date":"2019-03-08T15:40:03","date_gmt":"2019-03-08T20:40:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143290"},"modified":"2019-03-08T15:40:03","modified_gmt":"2019-03-08T20:40:03","slug":"are-you-ready-for-the-next-big-move-in-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/are-you-ready-for-the-next-big-move-in-gold\/","title":{"rendered":"Are you ready for the next big move in Gold?"},"content":{"rendered":"
March 8, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

If you were following our research, you would have known that Gold had reached a short-term peak in February. On Feb 19th the day gold posted a huge gain for the day and everyone was bullish and feeling like million bucks I did a radio show with HoweStreet\u2019s Jim Goddard and said that strong day and overly positive sentiment was the going to be the top, which it was \u2013 Listen Here<\/strong><\/a>.<\/p>\n

We had been advising our members that Gold would likely retrace below $1300 possibly beeper by and mid-April.\u00a0 Our advanced Adaptive Learning price modeling systems had warned us that Gold would likely setup a price rotation before the next move higher back in January 2019.\u00a0 This is what you need to know about the next 4+ weeks in Gold.<\/p>\n

First, this downside price move is not over yet.\u00a0 It will likely continue through early April \u2013 attempting to establish a price base and new momentum bottom.\u00a0 Our opinion is that $1260 is currently the ultimate low price objective \u2013 although this is a soft target.\u00a0 Meaning, the price could retrace below this level (possibly towards $1240) before establishing a true price bottom.\u00a0 Be prepared for a low price near or below $1265 at some point in the near future.<\/p>\n

Second, this downside price move in Gold will likely create opportunities for skilled traders over the next 3~6+ months.\u00a0 Our longer-term predictive modeling systems suggest that Gold will rally towards $1500 or higher near May\/June of 2019.\u00a0 Thus, this downside move in an opportunity for skilled traders.<\/p>\n

Third, we believe global economic and political news cycles are prompting a shifting capital across the planet at the moment.\u00a0 Global capital is likely shifting into safety in the US Stock market and away from high-flying technology and biotech stocks.\u00a0 Because of this, the fear that would typically drive a rally in Gold has been partially abated.\u00a0 The strength of the US dollar and the willingness of investors to shift capital into larger Blue Chips and Mid-Caps helps to reduce the true \u201cfear hedge\u201d that would drive Gold prices higher.<\/p>

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Lastly, we believe this trader psychology will change in late April or early May of this year.\u00a0 Our predictive modeling systems suggest a strong price advance in Gold will take place in May\/June of 2019.\u00a0 Our cycle analysis suggested that April 21~24, 2019 are \u201ckey dates\u201d for a cycle bottom or some type of news event that could change the dynamics of the precious metals markets.\u00a0 Pay attention.<\/p>\n

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This means that we need to be prepared for the downside price rotation in Gold and be aware that April 21~24 are likely to be a major inflection point in the precious metals markets.\u00a0 Skilled traders would be looking for opportunities before these dates and positioning themselves for the upside move.<\/p>\n

Our research team, at Technical Traders Ltd., believes the $1260 level is true support \u2013 although we believe $1245 or so maybe an ultimate \u201cwashout low\u201d price level to watch for.\u00a0 At this time, we are waiting for a clearer basing formation to establish new long positions and we are watching the US Dollar as well.<\/p>\n

There is still plenty of time for this base\/bottom to setup.\u00a0 Remember the April 21~24 date range and plan for key opportunities to setup 7~10 days before this key date.\u00a0 The next move higher in Gold should push prices well above $1400 with a high price target near $1540 for the longer term.\u00a0 If you are a \u201cgold-bug\u201d and\/or want to find some real opportunity in the markets, then you won\u2019t want to miss this next move.<\/p>\n

If you want to join a group of professional traders, researchers, and friends, take a look at our trading newsletter to learn how we can help you find and execute better trades each month.\u00a0 We believe 2019 and 2020 will be incredible years for skilled traders and we are executing at the highest level we can to assist our members.\u00a0 In fact, we are about to launch our newest technology solution to better assist our members in creating future success.<\/p>\n

Our team has 53 years of experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our\u00a0stock and ETF trading alerts\u00a0are readily available through our exclusive membership service via email and SMS text. Our newsletter,\u00a0Technical Trading Mastery book<\/u>, and\u00a03 Hour Trading Video Course<\/u>\u00a0are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.<\/p>\n

RECENT CLOSED TRADES<\/h2>\n

\"\"<\/a><\/p>\n

Chris Vermeulen
\nTechnical Traders Ltd.<\/p>\n

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

By TheTechnicalTraders.com If you were following our research, you would have known that Gold had reached a short-term peak in February. On Feb 19th the day gold posted a huge gain for the day and everyone was bullish and feeling like million bucks I did a radio show with HoweStreet\u2019s Jim Goddard and said that […]<\/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-143290","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143290","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=143290"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143290\/revisions"}],"predecessor-version":[{"id":143291,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143290\/revisions\/143291"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}