{"id":1108347,"date":"2019-03-30T18:35:21","date_gmt":"2019-03-30T18:35:21","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=1108347"},"modified":"2019-03-30T18:35:21","modified_gmt":"2019-03-30T18:35:21","slug":"precious-metals-setup-final-buying-opportunity","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1108347","title":{"rendered":"Precious Metals Setup Final Buying Opportunity"},"content":{"rendered":"
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\nMarch 28, 2019
\nChris Vermeulen
\nTheTechnicalTraders.com<\/a><\/span><\/div>\n<\/div>\n<\/div>\n

Our research team, at Technical Traders Ltd., has been all over the precious metals markets for the past 16+ months.\u00a0 We\u2019ve been so deep into research and study with regards to price action and technical\/fundamental data, that we\u2019ve been able to call market moves many months in advance.<\/p>\n

Recently, over the past few months, we\u2019ve been warning that an April 21~24 date is likely to set up an ultimate price bottom in the precious metals market. It could prompt a broader upside price swing that should eventually lead to a much bigger upside breakout move.\u00a0 On March 8, 2019, we posted this\u00a0article<\/a>\u00a0that clearly outlined our thinking at that time saying a bounce to $1315-1320 before heading down to $1255.<\/p>\n

Take a minute to read that article and consider this current downside price action as a gift the precious metals markets are allowing for all of us.\u00a0 This is the move that we\u2019ve been warning about for months \u2013 the retracement from the $1315~1320 level that should bottom out near $1240~1265 and will ultimately become the \u201cmomentum base\u201d for the future upside move.\u00a0 Precious metals are starting a move that we predicted many months ago.\u00a0 Our researchers believe Gold will trade below $1275 for a brief period of time (likely just a few days or weeks) before setting up a broad-based momentum bottom.\u00a0 Our objective is to \u201cleg into\u201d this setup with a series of long trades for the ultimate upside breakout.<\/p>\n

Our research suggests that near the end of April 2019 or in early May 2019, Gold prices will likely begin a strong upside price move that will quickly target the $1500+ price level.\u00a0 We believe this current price swing will set up as the last real opportunity for skilled traders to accumulate long positions in precious metals while we wait for the April\/May breakout move.\u00a0 Any opportunity to buy near the lower range of our Buy Zones would be an excellent entry position given our future prediction that a massive upside breakout move is just 20~30 days away from starting.<\/p>\n

This Daily Gold chart shows just how deep the Buy Zone is for Gold.\u00a0 Any price activity below $1275 would be a solid entry for skilled traders.\u00a0 Any further opportunity to add to that position below $1265 is even better.\u00a0 Ultimately, we believe the $1240 to $1250 level will hold as support for the momentum bottom.<\/p>\n

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