ADL Predictions For Price Of Gold
March 30, 2019 Chris Vermeulen TheTechnicalTraders.com As we’ve been suggesting for months, expect continued moderate price weakness in Gold and Silver through most of April 2019 and possibly into early May 2019 before a strong price rally will setup and push Gold prices well above $1500 before the end of 2019. Our Adaptive Dynamic Learning predictive price modeling system has been calling for this move for many months (see the chart below). This advanced predictive price modeling system is suggesting that in May/June of 2019, we will likely see a bigger price rally unfold in Gold and Silver which may be paired with some type of geopolitical or global economic event. See this article for more details. Gold rallies on fear (in most cases) and the only reason for Gold to really as our ADL predictive modeling system is suggesting is that some renewed level of fear could enter the global markets. This could be from any type of global crisis event or even a regional crisis event (think Brexit, EU crisis or some other foreign nation crisis). We believe skilled traders should be actively seeking to identify buying opportunities below $1295 in Gold as we only have about 20 days left before our original bottom/base date of April 21, 2019. This Gold Monthly chart, below, highlights the ADL predictive modeling systems expectations as well as the three support levels that we believe all Gold traders should be targeting. Gold is currently within the first target level and an opportunity to … Continue reading →
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