Are You Ready For The Next Big Move In Gold?

If you were following our research, you would have known that Gold had reached a short-term peak in February. On Feb 19th the day gold posted a huge gain for the day and everyone was bullish and feeling like million bucks I did a radio show with HoweStreet’s Jim Goddard and said that strong day and the overly positive sentiment was the going to be the top, which it was – Listen Here.

We had been advising our members that Gold would likely retrace below $1300 possibly beeper by and mid-April. Our advanced Adaptive Learning price modeling systems had warned us that Gold would likely set up a price rotation before the next move higher back in January 2019. This is what you need to know about the next 4+ weeks in Gold.

First, this downside price move is not over yet. It will likely continue through early April – attempting to establish a price base and new momentum bottom. Our opinion is that $1260 is currently the ultimate low price objective – although this is a soft target. Meaning, the price could retrace below this level (possibly towards $1240) before establishing a true price bottom. Be prepared for a low price near or below $1265 at some point in the near future.

Second, this downside price move in Gold will likely create opportunities for skilled traders over the next 3~6+ months. Our longer-term predictive modeling systems suggest that Gold will rally towards $1500 or higher near May/June of 2019. Thus, this downside move in an opportunity for skilled traders.

Third, we believe global economic and political news cycles are prompting a shifting capital across the planet at the moment. Global capital is likely shifting into safety in the US Stock market and away from high-flying technology and biotech stocks. Because of this, the fear that would typically drive a rally in Gold has been partially abated. The strength of the US dollar and the willingness of investors to shift capital into larger Blue Chips and Mid-Caps helps to reduce the true “fear hedge” that would drive Gold prices higher.

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