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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 www.TheTechnicalTraders.com to learn more.

Chris Vermeulen
Technical Traders Ltd.
www.TheTechnicalTraders.com

Our May Tech Stock Market Prediction – Part II

 

 

If you missed PART 1 (SP500 Price Forecast) be sure to read it here.

Here is PART II let’s take a look at the NQ Weekly chart with the ADL predictive price modeling.

We are going to include predictions made by our Adaptive Dynamic Learning (ADL) price modeling system that originated from December 2017 going all the way forward through to the end of May 2019.

At this point, we are going to highlight our earlier predictions (all of 2018 and into Q1/Q2 of 2019) and show you what the market has done since these calls were made back in September 2018.  Pay attention to this weekly chart and pay attention to the YELLOW ARROWS on this chart.  We have highlighted key predictive price modeling points with these yellow arrows on the chart to show you what our ADL predictive modeling system suggested would happen back in December 2017.

Now, take a look at the NQ Weekly chart with the ADL predictive price modeling results displayed onto it.  Pay attention to the similarities in the price patterns and the rotational modeling differences between the two charts.  The ES ADL modeling predictions from “Part I” are similar to this NQ chart, but the differences really tell us about how the technology-heavy NASDAQ (NQ) will react in a different manner than the Blue-Chip heavy ES.

Also, pay attention to the right side of this chart where the ADL predictive modeling system is suggesting price weakness will roll into the NQ near May 2018 and how this may become an issue for some traders.

Remember, the differences between these two charts really show you where strengths and weakness apply to the different sectors of the US stock market.  One sector may be trending upward while another sector may see weakness.  All of this plays into how we find and see opportunities for our members and decide on trading opportunities for success.

 

Think about how powerful this predictive price modeling system really is to be able to call this market moves 10~20+ months in advance.  Certainly, it is not perfect in every prediction, but the advanced knowledge and resources it provides is has proven to be a powerful tool for insight into future price direction.

It is not too often that we share this level of research with the general public. We issued the September 2018 research post because we wanted to warn our followers that a massive price decline/rotation was about to unfold.  You can read all of our free research posts.  Today, we are sharing with you our ADL predictive price modeling results for the next 3~4 months for the NQ – how valuable is that?  If you save or print this article, you will be able to reference it going forward for the next 90+ days and compare the real price action to our ADL predictive modeling results.  We believe the results will be similar to what our ADL is suggesting and we can see these ADL results for any instrument traded throughout the world.

We believe 2019 will be an incredible year for skilled traders and we believe the markets will set up numerous trade setups for fantastic profits.  We are already hard at work developing new member tools, research models and algo trading systems to help our members take advantage of these incredible market moves.  Please take a minute to see how our researchers and traders at www.TheTechnicalTraders.com can assist you this year.  We will be launching an incredible new member tool in about 30~60 days.  You won’t want to miss this fantastic new software utility to help you find and execute great trades.  See you in the member’s section of our site.

Chris Vermeulen