{"id":1100975,"date":"2019-02-20T15:50:30","date_gmt":"2019-02-20T15:50:30","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=1100975"},"modified":"2019-02-20T15:50:30","modified_gmt":"2019-02-20T15:50:30","slug":"has-gold-reached-upside-resistance-near-1340-1360","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1100975","title":{"rendered":"Has Gold Reached Upside Resistance Near $1340 – $1360?"},"content":{"rendered":"
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February 19, 2019
\nChris Vermeulen
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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.\u00a0 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,\u00a0here<\/a>.\u00a0 This research was based on our Adaptive Dynamic Learning price modeling system and from our Adaptive Learning Cycles system.\u00a0 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.<\/p>\n

The Weekly gold chart, below, highlights the resistance channel that originates in 2016 and continues with multiple peaks in 2017, 2018 and now.\u00a0 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.<\/p>\n

Pay attention to the Fibonacci downside projected price targets near $1270~1295.\u00a0 These levels are very likely to be retested if the current resistance level holds.\u00a0 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.\u00a0 Be prepared for a potential \u201cwashout high\u201d price pattern setting up early this week.<\/p>\n

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We are still actively seeking a deeper price rotation\/retracement in Gold\/Silver before we initiate any new trades.\u00a0 We believe the upside pricing pressure has reached a level that will prompt a move back to below $1300 on healthy price rotation.\u00a0 If we are wrong, we will know soon enough.\u00a0 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.\u00a0 Follow our research to stay informed of this future price movement.<\/p>\n

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.\u00a0 In fact, we are about to launch our newest technology solution to better assist our members in creating future success.\u00a0 Visit\u00a0www.TheTechnicalTraders.com<\/a><\/u><\/strong>\u00a0to learn more.<\/p>\n

Chris Vermeulen
\nTechnical Traders Ltd.
\nwww.TheTechnicalTraders.com<\/a><\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

February 19, 2019 Chris Vermeulen 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.\u00a0 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 […]<\/p>\n","protected":false},"author":1,"featured_media":689340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[559,4,373],"tags":[375,137,48,135,338,374,115],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1100975"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1100975"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1100975\/revisions"}],"predecessor-version":[{"id":1100981,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1100975\/revisions\/1100981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/689340"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1100975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1100975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1100975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}