{"id":171639,"date":"2020-06-04T10:10:31","date_gmt":"2020-06-04T14:10:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171639"},"modified":"2020-06-04T07:25:23","modified_gmt":"2020-06-04T11:25:23","slug":"gold-silver-washout-get-ready-for-a-big-move-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/gold-silver-washout-get-ready-for-a-big-move-higher\/","title":{"rendered":"Gold & Silver \u201cWashout\u201d – Get Ready For A Big Move Higher"},"content":{"rendered":"
June 4, 2020<\/div>
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By TheTechnicalTraders<\/u><\/a>\u00a0<\/strong><\/p>\n

– Gold and Silver moved lower early on June 2nd<\/sup> and 3rd<\/sup>.\u00a0 Our research team believes this is a \u201cWashout Low\u201d price rotation following a technical pattern that will prompt a much higher rally in precious metals.\u00a0 This type of washout price rotation is fairly common before very big moves after Pennant\/Flag formations or just after reaching major price trigger levels.<\/p>\n

With Gold, a sideways Pennant\/Flag formation has been setting up near our GREEN Fibonacci Price Amplitude Resistance Arc.\u00a0 We believe the downward price rotation recently is a perfect setup for skilled technical traders to take advantage of lower entry price levels.\u00a0 The GREEN Fibonacci Price Amplitude Arc will very likely be breached over the next 5 to 10 trading days and the price of Gold should rally well above $1850 in the process.\u00a0 We believe this Washout Rotation is a process of running through the Long Stops just below recent price activity that will end with a defined upside price rally over the next 2 to 5+ weeks.<\/p>\n

Before we continue, be sure to\u00a0opt-in to our free market trend signals<\/strong> <\/em>before closing this page, so you don\u2019t miss our next special report!<\/em><\/p>\n

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Silver has set up a completely different type of price pattern \u2013 a true Double-Top pattern.\u00a0 The downward price rotation recently in Silver is indicative of a weaker reaction to this massive resistance pattern and Double-Top.\u00a0 The likelihood that Silver will find support above $17 and mount a further upside price rally over the next 2 to 5+ weeks is still very strong.\u00a0 After the deep downward price collapse in Silver took place, just like what happened in 2009 and 2010, the upside potential for Silver is still massive \u2013 likely targeting $65 per ounce of higher.<\/p>\n

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This current Gold to Silver Ratio Monthly chart highlights the recent collapse in the ratio level as Silver rallied from near $12 towards current levels near $18.\u00a0 A similar spike in the Gold to Silver Ratio took place in 2008-09 \u2013 just before the broader market collapse in the US and Global markets took place.\u00a0 This happens as the initial reaction to risk in the global markets pushes Gold prices a bit higher while Silver, the often overlooked store of value, typically declines in value.<\/p>

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Once the price of Silver starts to rally, pushing the Gold to Silver ratio below 60 typically, both Gold and Silver start to align in price and begin to rally together.\u00a0 The current level of the Gold to Silver ratio is 94.9.\u00a0 This suggests that both Gold and Silver have quite a way to go in terms of reaching the \u201calignment phase\u201d.\u00a0 Our researchers believe Gold will rally above $2100 to $2400 and Silver will rally above $40 to $50 before the two metals align and begin to rally together in almost equal strength.<\/p>\n

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Concluding Thoughts:<\/h3>\n

Pay attention to what happens to precious metals over the next 10 to 15+ days.\u00a0 If our research is correct, both Gold and Silver will rally higher by about 7.5% to 14% \u2013 setting up new price highs for both metals.\u00a0 When the washout pattern completes, usually a fairly aggressive price trend begins where new price highs are established fairly quickly. Get ready, this should be a really nice upside price swing in precious metals over the next 6+ months or longer.<\/p>\n

The next few years are going to be full of incredible opportunities for skilled traders and investors.\u00a0 Huge price swings, incredible revaluation events, and, eventually, an incredible upside rally will start again.<\/p>\n

I\u2019ve been trading since 1997 and I\u2019ve lived through numerous market events.\u00a0 The one thing I teach my members is that risk is always a big part of trading and that\u2019s why I structure all of my research and trading signals around \u201cfinding profits while reducing overall risks\u201d.\u00a0 Sure, there are fast profits to be made in these wild market swings, but those types of trades are extremely risky for most people \u2013 and I don\u2019t know of anyone that wants to risk 50 or 60% of their assets on a few wild trades.<\/p>\n

I\u2019m offering you the chance to learn to profit, as I do with my own money, from market trends that I hand-pick for my own trading.\u00a0 These are not wild, crazy trades \u2013 these are simple, effective, and slower types of trades that consistently build wealth.\u00a0 I issue about 4 to 8+ trades a month for my members and adjust trade allocation based on my proprietary allocation algo \u2013 the objective is to gain profits while managing overall risks.<\/p>\n

You don\u2019t have to spend days or weeks trying to learn my system.\u00a0 You don\u2019t have to try to learn to make these decisions on your own or follow the markets 24\/7 \u2013 I do that for you.\u00a0 All you have to do is follow my research and trading signals and start benefiting from my research and trades.\u00a0 My new mobile app makes it simple \u2013 download the app, sign in and everything is delivered to your phone, tablet, or desktop.<\/p>\n

I offer membership services for active traders<\/strong>, long-term investors<\/strong>, and wealth\/asset managers<\/strong>.\u00a0 Each of these services is driven by my own experience and my proprietary trading systems and modeling systems.\u00a0 I have a small team of dedicated researchers and developers that do nothing but research and find trading signals for my members.\u00a0 Our objective is to help you protect and grow your wealth.<\/p>\n

Please take a moment to visit\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong> to learn more.\u00a0 I can\u2019t say it any better than this\u2026\u00a0 I want to help you create success while helping you protect and preserve your wealth \u2013 it\u2019s that simple.<\/p>\n

Chris Vermeulen
\nChief Market Stragist
\nFounder of Technical Traders Ltd.<\/p>\n

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

By TheTechnicalTraders\u00a0 – Gold and Silver moved lower early on June 2nd and 3rd.\u00a0 Our research team believes this is a \u201cWashout Low\u201d price rotation following a technical pattern that will prompt a much higher rally in precious metals.\u00a0 This type of washout price rotation is fairly common before very big moves after Pennant\/Flag formations […]<\/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-171639","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171639","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=171639"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171639\/revisions"}],"predecessor-version":[{"id":171643,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171639\/revisions\/171643"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}