Gold May Give Us One More Chance With New Lows
Our proprietary price cycle tool is showing us that the Daily Gold cycles may dive a bit lower, possibly into the $1250 to $1265 level, over the next 3~7+ days before reaching an ultimate low. We’ve been covering the precious metals markets like hawks because of our proprietary price modeling tools that suggested the April 21~24 dates as an ultimate low/momentum base pattern. This new cycle formation highlights the potential that a deeper price low in Gold may set up over the next 5 to 7 days and it may become an incredible buying opportunity for skilled traders.
Taking a look at this cycle chart, we can see the deep price low that may target the $1270 levels or levels just below the $1270 price area. It appears that this new price low may form somewhere near the end of this week, May 3rd, or early next week, May 6th or 7th. Please pay attention to this potential price move as this may be the last low price reversal before a very strong upside price move.
You may remember our analysis from January 2019 regarding the ADL price predictions for Gold (the chart is below). Pay very close attention to the “April/May 2019” dates as we are targeting that low price level right now and the upside price potential showing predicted price levels well above $1400.
Skilled traders need to try to understand a move like this in Gold will likely be predicated on some external global news events that create a level of fear in the markets. We don’t know what they may be at the moment, but our suspicions are that they are going to be related to the EU and/or China (or both).
This is it. This should be the last low price rotation (if it happens) before Gold begins to skyrocket higher. Pay attention and remember we were very early in making this call – so it will be an incredible run if it happens as we predicted 5 months ago.
UNIQUE OPPORTUNITY
It’s May, and that means two things for Wealth Trading Newsletter subscribers.
First, we typically see stocks sell-off and as the old saying goes, “Sell in May and Go Away!”
So what does this mean? It means we should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals.
Second, my birthday is this month, and I think its time I open the doors for a once a year opportunity for everyone to get a gift that could have some considerable value in the future.
For May I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter for the first 25 subscribers. You can upgrade to this longer-term subscription or if you are new, join one of these two plans, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets Two 1oz Silver Rounds FREE
(Could be worth a lot in the future)
I only have 25 silver rounds I’m giving away
so upgrade or join now before its too late!
SUBSCRIBE NOW TO GET YOUR FREE SILVER ROUNDS!
Happy May Everyone!
Chris Vermeulen