{"id":173585,"date":"2020-07-13T13:06:10","date_gmt":"2020-07-13T17:06:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173585"},"modified":"2020-07-13T13:06:10","modified_gmt":"2020-07-13T17:06:10","slug":"gold-silver-measured-moves","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/gold-silver-measured-moves\/","title":{"rendered":"Gold & Silver Measured Moves"},"content":{"rendered":"
July 13, 2020<\/div>
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By TheTechnicalTraders<\/u><\/a>\u00a0<\/strong><\/p>\n

– The next few weeks are certain to attract much attention to precious metals.\u00a0 Hardly anyone can argue that Gold has not experienced an incredible upside price rally over the last 12+ months.\u00a0 Recently, Gold closed above $1800 for the first time since 2011.\u00a0 Our researchers believe the next target is $1935.\u00a0 Keep reading to learn why we believe this is the next major price target for Gold.<\/p>\n

Gold Weekly Price Analysis<\/h3>\n

Over the past 18+ months, Gold continues to develop price patterns that seem to be replicating going forward.\u00a0 This pattern consists of an advance in price followed by consolidation\/rotation in price to set up a new momentum base.\u00a0 The example of this price advance from May 2019 to August 2019 consisted of a $267 upside price advance (just over 20%).\u00a0 Subsequent advances were similar in size. November 2019 to March 2020 advance rose $248.\u00a0 March 2020 to April 2020 advance rose $325.<\/p>\n

Our research team believes the current momentum base, near $1725, will prompt a rally in Gold that will target $1935 in a similar type of price advance.\u00a0 After that level is reached, a new momentum bottom will likely setup near $1900 which will be followed by another upside price advance.\u00a0 This time targeting $2150 to $2190.\u00a0 We believe once Gold clears the $2100 level, global investors will identify the rally more efficiently and the upside parabolic price move may extend very rapidly.<\/p>\n

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Silver Weekly Price Analysis<\/h3>\n

With Silver, the measured moves are averaging about $5.25 to $5.40 with each advance.\u00a0 If this continues from the current momentum base level near $17.50, then the next upside price target level should be near $23.00 in Silver.\u00a0 Beyond that, the subsequent target level should be near $28.00.<\/p>\n

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This would represent a massive upside price advance in Silver of nearly 59%.\u00a0 Ultimately, the upside move in metals illustrates a strong level of fear in the markets related to global market stability and solvency.\u00a0 Silver has recently begun a move above the $19.00 price level and once it clears the $21 level, the next upside price advance should be fairly quick.<\/p>\n

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We believe the early Q2 2020 earnings data may shock the markets and cause the metals markets to rally.\u00a0 Initially, though, the metals may move a bit lower as the markets contract from the shock.\u00a0 This should be short-lived as metals have already rallied to a point where investors know the fear of the shock should act to propel metals above recent momentum base levels.<\/p>\n

Watch how Silver moves compared to Gold.\u00a0 Silver has already started to move more aggressively higher than Gold.\u00a0 Once the real parabolic move begins, Silver will begin to skyrocket much higher than Gold on a percentage basis.\u00a0 We should know how the metals will react to the economic data fairly quickly.\u00a0 If you have not already hedged your portfolio into precious metals or miners, we suggest establishing a 15% to 25% protective hedge at this time.<\/p>\n

Get our\u00a0Active ETF Swing Trade Signals<\/strong><\/a>\u00a0or if you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my\u00a0Passive Long-Term ETF Investing Signals<\/a><\/strong>\u00a0which we are about to issue a new signal for subscribers.<\/p>\n

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

NOTICE: Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research.\u00a0 It is provided for educational purposes only.\u00a0 Our research team produces these research articles to share information with our followers\/readers in an effort to try to keep you well informed.<\/p>\n

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

By TheTechnicalTraders\u00a0 – The next few weeks are certain to attract much attention to precious metals.\u00a0 Hardly anyone can argue that Gold has not experienced an incredible upside price rally over the last 12+ months.\u00a0 Recently, Gold closed above $1800 for the first time since 2011.\u00a0 Our researchers believe the next target is $1935.\u00a0 Keep […]<\/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-173585","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173585","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=173585"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173585\/revisions"}],"predecessor-version":[{"id":173588,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173585\/revisions\/173588"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}