20 Days Left to Find Buying Opportunities in Gold

Our researchers have been glued to Gold, Silver and the Precious Metals sector for many months. We believe the current setup in Gold is a once in a lifetime opportunity for skilled traders to stake positions below $1300 before a potentially incredible upside price move. We’ve been alerting our members and follower to this opportunity since well before the October/December 2018 downside price rotation in the U.S. markets.

October 5, 2018: Prepare for a Gold and Silver Rally

December 9, 2018: Waiting for Gold to Erupt

Jan 25, 2018: Why Everyone is Talking About Gold and Silver

Additionally, our researchers called the bottom in the U.S. equities markets and warned of an incredible upside price rotation setting up just before the actual price bottom occurred on December 24, 2018.

December 26, 2018: Has The Equities Sell Off Reached a Bottom Yet

Our research continues to suggest that Gold and Silver will rotate within a fairly narrow range over the next 3-5 weeks before setting up a likely price bottom near April 21st, 2019. We’ve been predicting this bottom formation for many months and have been warning our followers to prepare for this move and grab opportunities below $1300 when they set up.

This first chart, a Monthly chart showing our TT Charger price modeling system, clearly illustrates the strength of this bullish price trend and the initiation of this trend back in early 2016. One of the strengths of the TT Charger modeling system is that it establishes a number of key price data points and trend factors. The background color highlighted ranges show price range breadth and range expansion or contraction. The dual channel facets show where price is likely to find support and resistance. The DOT LEVELS show where critical support or resistance is in terms of the overall trend channels.

Right now, we are still in a bullish trend with key support near $1165. The Dual Channel system is showing the $1260 to $1285 level is currently the most likely active support levels just below current price. Thus, we could see a move to near these levels over the next 3+ weeks and I would suggest skilled traders jump on this opportunity. The Range system is showing a current $250~350 price range, thus, any upside price breakout could easily rally within this range and push prices at least $250+ higher than current levels – likely well above $1550. If range expansion sets up, we could see prices well above $1750.

We’ve authored hundreds of research posts over the past 12+ months and the one thing that we continue to mention is that Fibonacci price theory continues to operate on the premise that “price must always attempt to find and establish new price highs or lows – at all times”. Please keep this in mind as we continue.

Take a look at the TT Charger chart, above, and the raw Monthly price chart, below. Price must always attempt to find and establish new price highs or lows – so where is price going based on the most recent price rotations? Let’s review…

After rallying in early 2016 to establish a price high of $1377.50, gold immediately rotated downward to establish a higher low near $1124.50. The $1377.50 high price was a “new price high” in terms of previous rotational highs while the $1124.50 low was a higher low price rotation point. Thus, a failed “new price low”.

Since these two price points, Gold has settled into a sideways price channel where new price highs and lows have been attempted, but have failed to breakout out of the existing previous high and low price levels. As a technician of price, we can immediately identify this as a possible “Pennant or Flag” formation. With the last “new price level” being a “new price high” we still believe that Gold will attempt to break above the recent high price levels and attempt a much bigger upside price swing.

Our analysis suggests the April 21st date as a critical date for the potential price bottom in Gold and Silver. Our belief is that this date will like result in a near term momentum bottom in price. Where price may fall, briefly, below $1290 and rotate into a “washout low” price rotation. The opportunity for this move could come 3-5 days before or after the April 21st date.

This last chart, a Monthly price chart, illustrating the Pennant/Flag formation in Gold should be the clearest example we can provide that Gold will soon break out to the upside and rally extensively higher if our research and analysis are correct. The momentum that has built up over the past 2+ years, as well as the global demand for Gold by central banks and by investors as a hedging instrument, could prompt Gold and Silver to rally at least 50~60% in this first upside breakout wave – resulting in $1900 gold prices. Silver could rally to well above $18-$19 in a similar move and the number our researchers believe may become the upside target in Silver is $21.

This big picture chart and technical pattern could still take months to unfold if the price is to test the lower end of the trading range at $1225. If our analysis is correct, Gold and Silver could begin an upside price breakout shortly after April 21st (very likely to become evident in early May 2019). The upside potential for this move is at least $1550 in Gold and at least $18 in Silver.

Please understand that any upside breakout in Gold and Silver will likely be associated with general global market weakness including the potential for some type of global crisis event. This could be related to the EU, BREXIT, China, France or any other nation burdened by debt, dealing with election turmoil or related to social or economic angst. We could almost throw a dart at a map of the globe and hit some area that is poised for some type of economic crisis.

Our last buy signal for gold and gold miners was in Sept 2018 and subscribers and our team profited from that $100 gold rally. This next opportunity here is to understand that we only have about 20-25 days to search out and isolate the best entry prices we can find in Gold and Silver before our April 21st momentum bottom date hits. This means we need to prepare for this upside breakout move in Precious Metals and prepare our other open positions for the possibility of extended downside pricing concerns. If you read our continued research posts, you’ll understand that we believe the U.S. stock market will rotate a bit lower prior to this April 21st date and rally as well.

We believe the U.S. equities markets will become a safe haven, like Gold, where foreign investors can balance the strength of the U.S. Dollar with the strong U.S. economy and continued equity price appreciation while more fragile nations deal with economic crisis events and debt concerns. Thus, we believe capital will flood the US markets after April 21st as evidence of these economic concerns drives foreign investors into U.S. equities.

Take a minute to find out why Technical Traders Ltd. is quickly becoming one of the best research and trading services you can find anywhere on the planet. We are about to launch a new technology product to assist our members and we continue to deliver incredible research posts, like this one, where we can highlight our proprietary price modeling systems and adaptive learning solutions.

 If you want to stay ahead of these markets moves and find greater success in 2019 and beyond Join Our Wealth Trading Newsletter Today.

Chris Vermeulen

Countdown to the Precious Metals Breakout Rally - Here is Our Targeted Entry Levels

If you have been following our research over the past few months, you already know that we’ve called just about every major move in Gold over the past 14+ months. Recently, we called for Gold to rally to $1300 area, establish a minor peak, stall and retrace back to setup a momentum base pattern. We predicted this move to take place back in January 2019 – nearly 30+ days before it happened.

Now, we are publishing this research post to alert you that we are about 15~30 days away from the momentum base setup in Gold which will likely mirror in Silver. Thus, we have about 20+ days to look for and target entry opportunities in both Gold and Silver before this momentum bottom/base sets up.

This Monthly Gold chart, below, shows you the historic peaks that make up a current resistance level near 1370. This level is critical in understanding how the momentum base and following breakout will occur. This resistance level must be broken before the upside rally can continue above $1400, then $1500. Ultimately, the momentum base we are expecting for form before April 21st is the “last base” to setup before a much bigger upside price move takes place. In other words, pay attention over the next 30 days before this move happens.

This next Monthly Silver chart is the real gem of the precious metals world. The upside potential for Silver is actually much bigger than Gold currently. Any breakout move will likely see Silver push well above $30 per ounce and we just need to watch the $18.90 level for signs the breakout is beginning. Silver will follow a similar basing patter as Gold. We expect only about 30 days of buying opportunity left before this basing pattern is completed. Again, watch the April 21st date as the key date for the breakout move to begin.

Palladium has reached our initial Fibonacci upside price targets. We expect price to consolidated and potentially rotate near the $1500 price level. Ideally, price could fall below the $1300 price level and target the $1100 area before finding any real support. As long as industrial demand continues for Palladium, we expect to see continued upside price activity over the long run. Right now, we are expecting a price contraction as global industrial demand may falter a bit.

Please consider the research we are presenting to you today. Our predictive modeling systems have been calling the metals markets quite accurately over the past 14+ months. If our prediction of a momentum base on or near April 21st is correct, then we should begin to see an incredible upside price swing in Gold and Silver shortly after this date. You won’t want to miss this one – trust us. There will be time to catch this move when it starts – it could be an extended upside move.

Pay attention and put April 21st on your calendar now.

If you like our research and our level of insight into the markets, then take a minute to visit our site to learn how we help our clients find and execute for success. We’ve been calling these market moves almost perfectly over the past 18+ months. Learn how our research team can help you stay ahead of these swings in price and find new opportunities for skilled traders. Take a minute to see how we can help you find and execute better trades by visiting The Technical Traders today.

Chris Vermeulen
Technical Traders Ltd.

Has Gold Reached Upside Resistance Near $1340 - 1360?

Our research has indicated that precious metals should be setting up for a period of rotation and sideways trading over the next 20-30 days. We issued a research post on January 28, 2019 warning that precious metals would be consolidated over a 30-45 day period before setting up for a massive upside price move, here. This research was based on our Adaptive Dynamic Learning price modeling system and from our Adaptive Learning Cycles system. We believe this research is still very valid and want to alert metals traders that resistance in GOLD can be easily identified near $1340-1360.

The Weekly gold chart, below, highlights the resistance channel that originates in 2016 and continues with multiple peaks in 2017, 2018 and now. We believe this resistance will act as a price ceiling over the next few weeks before metals prices attempt an upside breakout as we suggested in our January 28 research post.

Pay attention to the Fibonacci downside projected price targets near $1270-1295. These levels are very likely to be retested if the current resistance level holds. In other words, gold prices rotate back to below $1300 on moderate price rotation over the next 30 days before attempting to break resistance and move higher. Be prepared for a potential “washout high” price pattern setting up early this week.

We are still actively seeking a deeper price rotation/retracement in Gold/Silver before we initiate any new trades. We believe the upside pricing pressure has reached a level that will prompt a move back to below $1300 on healthy price rotation. If we are wrong, we will know soon enough. If we are right, then the momentum rally setup that will occur near or below $1300 will be a great trading opportunity for all investors. Follow our research to stay informed of this future price movement.

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. In fact, we are about to launch our newest technology solution to better assist our members in creating future success.

Visit The Technical Traders to learn more.

Chris Vermeulen
Technical Traders Ltd.

Gold Prices Continue to Breakdown

On January 28, 2019, our research team issued a research post indicating we believed that Precious Metals would rotate lower over the next 45+ days in preparation for a momentum base/breakout that would initiate sometime near the end of April or early May. Recent price weakness in Gold has begun to confirm our analysis and we believe this price weakness will continue for the next 2~4 weeks while traders identify a price bottom and hammer out a momentum base/support level.

Gold is currently down another -1% this week and testing the $1307 level after rotating back to near $1320. Our analysis continues to suggest price weakness in the Precious Metals markets going forward for at least 2~3 more weeks. We are expecting the price of Gold to fall below $1290 and ultimately, potentially, test the $1260 level where we believe true support will be found.

If you’ve been following our analysis, you were alerted the day of when we signaled the top as it formed near $1330 and to close out our GDXJ position for a quick 10.5% profit as we had been preparing for this top and rotation for a couple weeks.

This 240 minute Gold chart highlights our Adaptive Fibonacci price modeling system and suggests the $1295~1302 could become immediate support for this current downside price move.

Please take a minute to review some of our most recent research by visiting The Technical Traders Free Research and to learn why our team of researchers, software developers, and traders provide insight and knowledge that you just can’t get anywhere else on the planet.

The link to our research post, above, highlights our ADL predictive modeling system that is capable of identifying price moves many months in advance. Our most recent U.S. stock market forecast highlights the power and capabilities of our proprietary price modeling tools. As a member of our newsletter, you gain insights, training, daily market videos and many more resources that will help you identify and execute for greater success in 2019.

Chris Vermeulen
Technical Traders Ltd.

How To Consistently Make Money Day/Swing Trading

This has been the best week in a long time for intraday trades. The last 4 days the SP500 gave us 8 trades and all 8 turned into winners. Each days turning generating between $300 a $1250 per ES mini contract, although these can be traded using the SPY or 3X index ETFs.

Subscribers who day trade are taking this pre-market analysis and setups and making a weeks wage within 1 – 3 hours in the morning before lunch.

What makes these trade triggers is that they are the BROAD market SP500 so if you day trade other stocks knowing the short term market direction each morning add so much power to your other day trades for timing entries and exits.

SPY ETF 10 MINUTE CHART

This chart focuses on today’s spike higher and gap lower. both these played out once again and are based strictly on technical analysis and statistical analysis.

If you want to be notified of these types of trades each week 

subscribe to our Wealth Building Trading Newsletter Today!

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Two Winning Trade Setups - GDXJ and ROKU

We are not always correct in our calls about the market. Professional researchers and analysts must understand that attempting to accurately predict the future outcome of any commodity, stock, index or ETF is impossible to be 100% accurate. Yet, we are pleased that our proprietary price modeling and analysis tools continue to provide us with very clear triggers and alert us to price moves before they happen.

Today, we are sharing two recent trades we executed with our members that resulted in some decent profits. The first example is our GDXJ trade. We had been in a Long position since before the beginning of 2019 expecting Gold and Miners to rally. Our price modeling systems suggested that after price reached $1300, we may experience a brief price pause over the next 45 days or so. Thus, we pulled the profits in this trade recently to lock in 10.5% profit and to allow us to re-enter when our modeling systems suggest the price pullback has ended.

The second example is our ROKU trade. We recently pulled 8.1% profit on a partial profit target execution for our members after a nice upside momentum move. This type of trade falls into our MRM (Momentum Reversal Method) trade trigger category and is supported by a momentum resurgence price move that can typically prompt prices to move +8~30% over fairly quick periods of time (under 20 days).

For almost all traders, we’ve found that understanding general market conditions, finding suitable trading triggers/setups and staying aware of the market dynamics at play in the global markets is very hard to accomplish. This is why we offer our members a very quick and easy way for them to accomplish all of these essential components for success with their membership to Technical Traders Ltd. Wealth Trading Newsletter.

•  Our Daily Market Video, which is typically under 10 minutes in length, covers all of the major markets, most commodities, the US Dollar, Bitcoin and many other elements of the markets.

• Combine this video content with our detailed market research posts, which you can read by visiting The Technical Traders Free Research, allows our members to not only learn from our video content but also to begin to understand and formulate their own conclusions based on our content.

• Lastly, we add our trading trigger/alerts feature to alert our members to superior trading setups that we find while running our proprietary trading models. We don’t post 40 trades a day hoping our members will find one or two they can make profits from. We are highly selective in our posts and attempt to only post the best opportunities for success.

Over the past couple of months, we have been developing a new members area application. It will allow you to have live access to our morning spike and gap trades and traders chatroom, our SP500 index momentum, and swing trades, plus our special MRM (Momentum Reversal Method) stock picks on small/mid-cap stocks which also all trade options so if you want to you can trade options on your own around our stock trades.

Last week we made huge progress and this week’s goals are to implement the instant and automated SMS and email alerts sent to you every time there is a new trade, stop, target hit, or we close a position. This will give you more time to see and execute the trades as needed. Keep in mind most swing trades can be entered 1-3 days after the trade alert at the same price or better price simply because we are not that perfect at timing the markets every move.

If you take a minute to review these example REAL TRADES (above) and review the information at The Technical Traders, we believe you will understand the value and resources we offer our members. Isn’t it time you found the right team of professionals to help you make 2019 an incredibly successful year?

Chris Vermeulen

Gold Hits Our $1,300 Price Target - What’s Next?

Early trading on January 4, 2019 saw Gold trade just above $1300 per ounce. Confirming our price target from our research and posts on November 24, 2018. The importance of this move cannot be underestimated. Traders and investors need to understand the recent rally in the metals markets are attempting to alert us that FEAR is starting to re-enter the market and that 2019 could start the year off with some extended volatility.

Our research has shown that Gold will likely rotate between $1270 - $1315 over the next 30 - 60 days before attempting to begin another rally. Our next upside price target is near $1500. We will continue to post articles to help everyone understand when and how this move will happen. We expect Gold to rotate near the $1300 level for at least another 30 days before attempting another price rally.

Pay attention to the Support Zone on this Daily Gold chart and understand that price rotation is very healthy for the metals markets at this point. A reprieve in this recent Gold rally would allow the start of 2019 to prompt a moderate rally in the U.S. stock market as well as allow a continued capital shift to take place. As capital re-enters the global equities markets, investors will be seeking the best investment opportunities and safest environments for their capital. Our belief is that the U.S. stock market will become the top tier solution for many of these investments.

This Weekly Gold chart shows our Adaptive Fibonacci price modeling system and why price rotation is important at this time. The highlighted GREEN Fibonacci price target levels on the right side of this chart are projecting upside price objectives for the move that started near mid-November. We can see that $1325 (or so) is the highest target level and that $1273 to $1288 are the lower levels. This suggests that we have already reached the upper resistance range and a mild price rotation would allow for the price to establish a new fractal low rotation that would establish NEW upside Fibonacci price targets. In other words, we much have some price rotation to support the next leg higher in the Metals markets

If you’ve been following our research and comments on the past 90+ days. You’ll already know that we’ve nailed many of these market moves. The SPY, Natural Gas, Oil, Gold, Small Caps and so many more. We’ve been calling for a massive price bottom in the U.S. stock market since well before the November 6th U.S. Elections. Our proprietary predictive modeling systems called the huge moves in Oil, Natural Gas, Gold/Silver, and many others. If you were not profiting from these moves, then you need to visit The Technical Traders to learn how we can help you in 2019. Our memberships are very inexpensive and the support we provide you is incredible for skilled traders.

 Want a team to help you create success in 2019, then visit The Technical Traders and get started creating success.

Chris Vermeulen

Where's the Capitulation in Precious Metals?

Over the past 20+ years of research and trading in the markets, our team of traders and researchers know one thing is certain, when fear hits the global markets, precious metals react by rocketing higher. We’ve seen this happen over and over again – even when non-US geopolitical concerns spark some true fear in the markets.

If you’ve followed our research this week, we’ve been warning about how we believe this move is purely price and technical based and not really a fear based global price collapse. In other words, our technical systems, price modeling systems, and other advanced price analysis tools are suggesting this move is nearing an end and was likely a function of price rotation and less a function of true fear in the global markets.

Yes, there were a couple of key factors the precipitated this price move; the Fed, Earnings, Housing Data, Trade, and Geopolitical concerns and the US Elections. Yet the biggest concern for traders was the “deja vu” feeling that Housing could present another massive crash near an election. We’ve been through that and we know how ugly that can be if it were to unfold again.

Our researchers, at The Technical Traders, spent quite a bit of time going over the data and we continue to believe this downside price rotation in the global stock markets was nothing more than a technical price correction WITHOUT any real capitulation from other commodities. If the recent downside price collapse sowed any real fear into investors, then precious metals should have skyrocketed higher over the past 3+ weeks.

This Weekly Gold chart shows how prices advanced moderately over the past few weeks and failed to originate any real broad upside move as equity prices collapsed. Weeks ago, we predicted Gold would climb to near $1235, the CYAN line on this chart, before weakening to near $1200 again near the US mid term elections. After the elections, we believe that Gold will begin another price advance toward a price target near $1310 headed into 2019.

The YELLOW arrow showing the massive upside projections are based on our Fibonacci price modeling system and suggest that Gold may ultimately have an upside potential near $1435 or $1565 eventually. These upside targets, if reached, would be the result of REAL FEAR entering the global markets associated with a much greater contagion/capitulation event taking place. This may be something that happens in the future, as some point, but we don’t believe this is taking place now.

This Weekly Silver chart further illustrates the weakness in the precious metals sector throughout this recent global stock market collapse. The price of Silver actually fell slightly over the past few weeks and stayed near $14.75. A recent double bottom formation in Silver near $13.95 is a very strong indication that Silver is establishing a long-term base near the $14.00 level. You can see from our draws arrows that we believe Silver will continue to contract headed into the US mid-term elections, then begin a moderate advance higher.

We are actively searching for new trades within the precious metals sector that present clear opportunities for our members/subscribers as we believe this upside move in the metals will be one of the best trades in 2019. Although, right now, these trades are “set up trade” in the sense that we don’t expect any true fear to change price at the moment. We do expect investors to continue to look towards the precious metals markets as a form of protection from global events in the future and we believe that when the dam breaks and fear really does enter the markets, traders need to already be positioned within the precious metals sector – not chasing after the move.

Overall, our question still remains valid – where’s the capitulation in the precious metals? If this downside price movement within the global markets was “the top”, we have yet to see any real capitulation in precious metals, which we believe would be the first place to reflect this true fear. Without this capitulation, our researchers continue to believe this is a technical “reversion” move where price is moving lower to re-establish support for another upside price advance.

In conclusion, we do expect moderate price advances in the precious metals sector over the next 4~6+ months. We believe this sector will continue to attract investors as a means of protection against a sudden and more structural price collapse event in the future. Right now, though, we just don’t see the capitulation that would need to be in place if the downside equities move instilled any real fear in traders. It’s just not there – yet. Therefore, this recent downside swing appears to be a capital shift or reversion event where price will quickly attempt to find support, based (headed into the US mid-term elections – as we’ve been suggesting) and begin to move higher after November 12th.

Please visit The Technical Traders here for our Free Research to see all of our recent research posts and to help you understand what our researchers believe is really transpiring within the global markets.

Additionally, please visit The Technical Traders to learn how we can help you find and execute better trades and stay ahead of these market moves. Learn how we help our subscribers by delivering specialized content, video, research, trading signals and more. The next few years are going to be full of fantastic trading opportunities. Now is the time to start to take advantage of these setups and create greater success for your future.

Chris Vermeulen

Is Gold and the Miners About to Explode Upward?

After many weeks of pricing pressure as the U.S. Dollar extended a rally delivering nearly unending devaluation pricing in most commodities, Gold is setting up for a big upside rally and is likely to extend beyond $1240 in this initial run higher. We believe the immediate bottom has formed in Gold and we believe the upside move will consist of two unique legs higher. The first leg is likely to run to near $1240 - 1250 and end near the middle of November 2018. The second leg of this move will likely run to near $1310 and end near May 2019.

This move is the precious metals and miners will likely coincide with some moderate U.S. Dollar weakness as well as extended global market concerns related to the trade war with China, economic factors originating from China and the EU as well as concerns stemming from the existing emerging market issues. The bottom line is that all of these global concerns are setting up a nearly perfect storm for Gold, Silver and the mining sector to see some extended rallies over the next 6+ month – possibly longer.

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This Weekly Gold chart shows our proprietary Fibonacci price modeling system and we’ve highlighted key price points that are currently being predicted as targets. The CYAN colored line on this chart (near $1245) shows a number of key Fibonacci projected price levels align near this level. These coordinated price targets usually result in key price levels that price will target. So, $1240 - 1250 is setting up as our first upside target.

The second key level is the MAGENTA level near $1300. This lone target well above the other aligns with historical support going back to October/November 2017.

Ultimately, our Fibonacci price modeling system is showing projected price targets as high as $1435 and $1570 – see the YELLOW ARROWS on the chart below. These levels are valid targets given the current price rotation and the potential for these levels to be reached, eventually, should not be discounted. Our Fibonacci price modeling systems are adaptive and learns from price activity as it operates. It identifies these levels based on price activity, relational modeling and active learning of Fibonacci price structure and price theory. We believe these levels will become strong upside targets over the next 12+ months which indicates we have a potential for a massive 18% to 30% upside potential in Gold.

Please take a moment to read some of our other research posts at The Technical Traders to learn how we keep our members keenly aware of these market moves before they happen and help our members find profits with strategic trading signals. Our most recent trade has already gained over 8% in less than 2 days.

Our team of researchers are dedicated to helping you find and execute greater success and our advanced proprietary price modeling solutions are some of the best in the industry. Isn’t it time you decided to invest in your future by finding a solid team of professionals to help you create greater success?

Is Gold on the Verge of a Bottom - See for Yourself

The recent downward price swing in Gold has kept Goldbugs frothing at what they believe is a very unusual and unexplained price function in the face of so much uncertainty throughout the globe. With Turkey, Russia, China and many others experiencing massive economic and currency crisis events, Gold has actually been creeping lower as the U.S. Dollar strengthens. It is almost like a “Twilight Zone” episode for Gold Bulls.

The setup for a gold rally has been in place for over a decade. Much like in 2006 through 2008, the current price and volatility of Gold is simply mundane. For the past two years, Gold has rotated between $1190 and $1360 – within a $180 range. Certainly, Gold traders were able to find some profits within this range, but no breakout trends have been established since early 2016 when the price of Gold changed from Bearish to Bullish and a 31% rally took place driving prices $328.80 higher from the lows.

Our team of researchers, at The Technical Traders, believe something very interesting may be taking place in Gold right now – almost like a “Deja Vu” of the past. A double setup appears to have taken place recently and we believe the bottom may have already formed in Gold for now.

In early 2016 through November 2016 where price rallied 31% then retraced nearly 75% to form the second leg higher. This deep retracement of price was indicative of a wide price rotation before another leg higher pushed back up to near the all time highs.

From 2017 until now the Gold chart shows another 75% price retracement from recent highs once again. This second 75% retracement could be a massive bottom formation setting up in Gold and could be a huge “wash out” low price. We believe this unique retracement is indicative of a massive price breakout over the next year or so as the price of gold is forming what Stan Weinstein calls a Stage 1 Accumulation.

Now, let’s zoom in and take a look at the weekly chart and our Adaptive Dynamic Learning model, the predictive analysis suggests that Gold prices should begin to bottom within the next week or two and begin to climb much higher over the next 3 to 10+ weeks.

This pattern consists of 12 unique instances of data and suggests that the future upswing will start rather mild for the first 2 weeks, then begin to accelerate as time progresses. It appears we have a strong potential to see prices above $1400 within the next 5 - 8 weeks or so and you look at the previous chart above, what is the $1400 level? You got it! Resistance, and if price breaks out above $1400 a new bull market would be triggered!

As many of you are aware, Gold is often a move to safety when the global economy begins to show signs of chaos or weakness. We believe the move in the U.S. Dollar will stall and possibly correct as this move takes place. If Gold were to rally while the U.S. Dollar continued to strengthen, you can clearly assume that a flight to safety is taking place and it includes a massive capital migration toward U.S. equities and GOLD. If the rally in gold is seen while the U.S. Dollar weakens or stalls, then we are seeing a move to safety while the currency markets address regional and global currency market issues.

Either way, we expect Gold to begin a new rally higher off of this 75% retracement level to complete the Pennant formation that is currently set up for a Wave 5 upside price expansion. Some of this technical analysis may be over your head as it can be confusing, but you should get the gist of things which is that precious metals should find a bottom and there is the potential that a massive bull market could be on the horizon if price rallies quickly. Be prepared for this move because the Gold shorts will likely be forced to cover their positions within the next few weeks as this move begins to accelerate higher.

Visit The Technical Traders to learn how we can help you find these types of swings in the major markets. We alert our clients well in advance of these swings and deliver daily video content to all of our members before the market opens each day. Our objective is to make you a better trader and to help you find successful setups to create greater success. Visit our website to learn how we can help you become a better trader today.

Chris Vermeulen
Technical Traders Ltd.