Registered CMT, Technical Analyst
Contributor's Links: GoldPredict

AG Thorson is a registered CMT and expert in technical analysis. His regularly scheduled reports are released every Sunday, Tuesday, and Thursday. For more information, please visit GoldPredict.com.

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Gold – The $1490 Level Is Critical
Gold futures are holding support around $1500 ahead of tomorrow’s Fed decision.
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Gold Forecast – Preparing For An Autumn Low
Gold futures are trying to hold support near $1500 ahead of next week's Fed announcement.
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Gold Fails To Maintain $1550
Gold hit $1565 Monday morning but failed to maintain $1550. Gold futures finished the week below support at $1535. A collapse below $1500 in the coming days would support a replay of the 2002 pattern and maybe a backtest of the $1360 breakout area.
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Gold Prices – The Big Picture
With gold confirming a new bull market, it’s time to step back and look at the big picture.
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Gold Stays Buoyant
Gold remains buoyant as prices examine resistance surrounding $1525. The odds still favor a top in this area, but we probably won’t see a meaningful correction until Treasury yields begin to stabilize.
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E Metals And Miners Are Beginning To Correct
Gold and silver formed significant outside reversal days, and a top is possible. Gold would have to recapture $1525 relatively quickly to restore yesterday’s short-term breakout.
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Comments

Latest Comments
Gold Prices Are Overdue For A Bounce, But Prices Continue To Trade Lower
2 years ago

Gold drops into a major cycle low approximately every 8-years. The last cycle low was in 2008. Prices should bottom in the first quarter of 2017, and a new bull run will begin. The dollar should make a significant top in the first half of 2017.

In this article: GDX, GDXJ, GLD, OIL, SLV, TLT, UUP, XAU
A Strong Rally Tomorrow?
2 years ago

Hi Gary - I agree that the destiny higher is sealed. My cycle work is at a critical turning point, and if prices are going to correct even further, we will know soon. What a fantastic opportunity to invest if they do!

In this article: GDX, GDXJ, GLD, OIL, SLV, SPY, UUP
Miners Are Making An “Outside Reversal”
2 years ago

Hi Aleh,

Precious metals and miners are currently at a fork-in-the-road. The bullish view would have a low form around this level followed by a rally above $26.00, and then to new highs. However, the bearish view maintains a breach of the October lows followed by a 30% decline into January/February. The direction they take likely hinges upon the US Presidential election results. Therefore, I would hold off on investing in miners (GDX is a diversified precious metal mining ETF) until we know what track prices have chosen.

In this article: GDX
The 8-Year Cycle In Precious Metals
2 years ago

Hi Cynthia,

No- I haven't noticed much deviation. Sometimes the cycle arrives before the election but more often than not just after. However, this cycle may have terminated early because of negative interest rates in Japan, Germany, Switzerland, etc. The month of November is key: If gold prices are unable to sustain a move above $1,315, then we risk rolling over and dropping into the standard 8-year post-election timing window.

In this article: GLD
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