{"id":162599,"date":"2019-12-30T12:25:45","date_gmt":"2019-12-30T17:25:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162599"},"modified":"2019-12-30T12:26:22","modified_gmt":"2019-12-30T17:26:22","slug":"metals-miners-prepare-for-an-early-2020-liftoff","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/metals-miners-prepare-for-an-early-2020-liftoff\/","title":{"rendered":"Metals & Miners Prepare For An Early 2020 Liftoff"},"content":{"rendered":"
December 30, 2019<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a> – <\/strong>Over the moderately quiet 2019 Christmas holiday season, while the US and global stock markets continue to push higher, precious metals and miners have begun to move dramatically higher as fear settles into the markets.\u00a0 Our researchers believe this upside move in metals and miners represents a measured increase in investor concern related to early 2020 and the global economy.<\/p>\n

Our research team believes the current rally in the US stock market is an enthusiastic upside price move that does not have true fundamental support.\u00a0 We\u2019ve authored a number of articles and research posts that highlight our belief and we suggest this upside move in Gold and miners is a sign of underlying fear that is growing in the global markets.<\/p>\n

JUNE 24, 2019: NEXT BULL AND BEAR MARKETS ARE NOW SET UP<\/strong><\/a><\/p>\n

December 16, 2019: CURRENT EQUITIES RALLY SIMILARITIES TO 1999<\/a><\/strong><\/p>\n

This Weekly Gold chart highlights our proprietary Fibonacci Price Amplitude Arcs and the recent downside price move in Gold along the Red Fibonacci Price Arc.\u00a0 This level of resistance was recently broken in early December and the current upside price rally in Gold has already rallied up to the heavy Green Price Arc.\u00a0 This current Green Price Arc should act as a major resistance level in an uptrend.\u00a0 Once this level is broken, it is very likely that Gold will continue to accelerate higher \u2013 well beyond the $1600 price level.<\/p>\n

Should Gold rally above $1600, possibly targeting $1750 or higher, in early 2020, a shock-wave would sound across the globe that Metals are signaling absolute fear in the markets.\u00a0 If our expectations are correct, $1750 will be one of the first basing areas for Gold before a move to levels well above $2000.<\/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
\n
\"\"<\/a><\/figure>\n<\/div>\n

This JNUG Weekly chart highlights our Adaptive Fibonacci Price Modeling system and clearly shows the upside potential\/targets base on Weekly price rotation.\u00a0 The bottom setup near $52.40 in early November sets up a price range from the peak in early August to the bottom in early November.\u00a0 This range suggests an upside price rally may take place in JNUG that targets $124.50, $155.65, and $176.00.\u00a0 These levels are based on the adaptive Fibonacci price theory applied to the expanding price rotations over the past 2+ years.<\/p>\n

As you can see from this chart, the recent rallies on this chart are bigger and include more price volatility than previous moves.\u00a0 This range expansion suggests upside price targets based on Fibonacci theory will be 1x or 2x traditional 100% measured moves.<\/p>\n

\n
\"\"<\/a><\/figure>\n<\/div>\n

This GDXJ Weekly chart provides a less volatile option for skilled traders to trade this upside price move in Metals and miners.\u00a0 It is very clear to see the upside resistance on this chart near $43.10 and the fact that the current upside price rally bar is targeting that level.\u00a0 Once this level is broken, we believe upside target levels near $46.50, 51.24, and $60.80 are likely.\u00a0 Each of these upside price targets represents a moderately strong upside potential in Gold and is contingent on a strong rally taking place breaking the initial Green Fibonacci Price Amplitude Arc as we suggested near the top of this article.<\/p>\n

\n
\"\"<\/a><\/figure>\n<\/div>\n

This last Weekly chart of Gold highlights the Weekly Fibonacci Price Modeling system and the core support near $1480 to $1510 (the Blue Box\/Line).\u00a0 This level of support is identified by the BLUE Fibonacci Price Modeling System retracement target (Square).\u00a0 We believe the breakdown in price after the Pennant\/Flag formation in late October was investor\/news-driven as the US Fed announced lower interest rates and the new cycle continued to push \u201cUS\/China Trade Deals Soon\u201d topics.\u00a0 This was a way to settle investor\u2019s nerves and distract them from the underlying market dynamics.<\/p>\n

Now, 2+ months later and about to start into 2020, we believe investors are starting to get ahead of the true market valuation levels and understand that precious metals are truly undervalued given the amount of risk in the markets currently.<\/p>\n

\n
\"\"<\/a><\/figure>\n<\/div>\n

We authored a powerful article about precious metals cycles and how they can drive incredible investment opportunity in early December.\u00a0 You can find our link to that research post below.<\/p>\n

December 7, 2019: \u00a07 YEAR CYCLES CAN BE POWERFUL AND GOLD JUST STARTED ONE<\/a><\/strong><\/p>\n

We believe this upside move in metals and miners is just getting started.\u00a0 We believe a move to levels just below $1650~1700 will be complete the initial upside price leg, then a second upside price leg will push prices upward towards $1800.<\/p>\n

You really don\u2019t want to miss this big setup\/move.\u00a0 Please pay attention to the opportunities that are set up for skilled traders.<\/p>\n

As a technical analysis and trader since 1997 I have been through a few bull\/bear market cycles, I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive\/life-changing if handled properly.<\/p>\n

I urge you visit my\u00a0Wealth Building Newsletter<\/strong>\u00a0and if you like what I offer, join me with the 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own.<\/p>\n

Chris Vermeulen –\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

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

By TheTechnicalTraders.com – Over the moderately quiet 2019 Christmas holiday season, while the US and global stock markets continue to push higher, precious metals and miners have begun to move dramatically higher as fear settles into the markets.\u00a0 Our researchers believe this upside move in metals and miners represents a measured increase in investor concern […]<\/p>\n","protected":false},"author":1,"featured_media":162603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-162599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162599","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=162599"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162599\/revisions"}],"predecessor-version":[{"id":162606,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162599\/revisions\/162606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media\/162603"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}