{"id":144030,"date":"2019-03-20T13:01:04","date_gmt":"2019-03-20T17:01:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144030"},"modified":"2019-03-20T13:01:04","modified_gmt":"2019-03-20T17:01:04","slug":"gold-to-continue-to-base-below-1320-for-weeks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/gold-to-continue-to-base-below-1320-for-weeks\/","title":{"rendered":"Gold To Continue To Base Below $1320 For Weeks"},"content":{"rendered":"
March 20, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our research team, at Technical Traders Ltd., believes Gold will continue to base below $1320 for at least another 3~5 weeks before setting up a momentum price base.\u00a0 Our research suggests general weakness in the US stock market over the next few weeks\/months as a Head-n-Shoulders pattern unfolds.\u00a0 Interestingly enough, our research also suggests Gold may continue to base below $1320 (likely below $1300) for at least another 2~4 weeks before forming a rounded bottom type pattern as a base.<\/p>\n

This would likely result from a mild price rotation in the US major indexes and possibly weakness in the US Dollar.\u00a0 Weakness in the US Dollar and Equities Markets may be just enough impetus to cause Gold to rotate into the Momentum Basing pattern we have been expecting since January 2019.\u00a0 We\u2019ve highlighted the price range, on the chart below, in purple.\u00a0 We believe the price of Gold will re-enter this range at least once or twice over the next 2~4+ weeks to set up a basing pattern.\u00a0 After April 21, we believe the basing pattern should be complete and a new upward price swing should begin.<\/p>\n

We expect to attempt to target opportunities below the $1300 price level in Gold to accumulate a LONG position ahead of the upside breakout.\u00a0 The opportunity for prices to stay below $1320 and for skilled traders to pick entry levels that are suitable for their futures should not be underestimated.\u00a0 The next upside price leg in Gold will likely see prices well above $1450.<\/p>\n

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Take advantage of any price levels below $1290 because this may be the last time you see them for a while. We have also been sharing our stock market forecast looking forward 1-3 weeks from now which goes against everyone\u2019s bias\/sentiment including yours likely, but its something you should think about because you could give back a lot of profits if you don\u2019t act now!<\/p>\n

Please take a minute to visit TheTechnicalTraders.com<\/u><\/a><\/strong> to learn how we can help you find and execute better trades in 2019.\u00a0 We have already positioned our clients for this move and we believe we can help you stay ahead of these markets.\u00a0 2019 and 2020 are going to be incredible years for our subscriber the Wealth Building Trading Newsletter<\/strong>.<\/p>

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<\/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>

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Chris Vermeulen<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Our research team, at Technical Traders Ltd., believes Gold will continue to base below $1320 for at least another 3~5 weeks before setting up a momentum price base.\u00a0 Our research suggests general weakness in the US stock market over the next few weeks\/months as a Head-n-Shoulders pattern unfolds.\u00a0 Interestingly enough, our research also […]<\/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-144030","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144030","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=144030"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144030\/revisions"}],"predecessor-version":[{"id":144031,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144030\/revisions\/144031"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}