Prepare for a Gold/Silver Rally / Commodities / Gold and Silver 2018

Our modeling systems are suggesting that Gold and Silver will begin a new upside rally very quickly.We wrote about how our modeling systems are suggesting this upside move could be a tremendous opportunity for investors over 2 weeks ago.Our initial target is near the $1245 level and our second target is near the $1309 level.Recent lows help to confirm this upside projection as the most recent low prices created a price rotation that supports further upside price action.What is needed right now is a push above $1220 before we begin to see the real acceleration higher.

The Daily Gold chart, below, shows our Fibonacci modeling system suggesting that $1235 to $1250 are the upside target ranges.Near these levels, we should expect some price rotation before another leg higher begins.Currently, support near $1180 is the floor in Gold.

If you are a fan of the shiny metals and want to know what we believe is likely to happen over the next 8+ months, then please take a moment to join the Wealth Building Newsletter to learn how we can help you find and execute better trades.  We provide even more detailed research and predictive price modeling for our subscribers and we believe this bottom setting up in Gold may be the last time you see $1200 prices for a while.  Check out www.TheTechnicalTraders.com today.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involvedin the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader,and is the author of the book: 7 Steps to Win With Logic

Through years ofresearch, trading and helping individual traders around the world. He learnedthat many traders have great trading ideas, but they lack one thing, theystruggle to execute trades in a systematic way for consistent results. Chrishelps educate traders with a three-hourvideo course that can change your trading results for the better.

His mission is to help hisclients boost their trading performance while reducing market exposure andportfolio volatility.

He is a regularspeaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chriswas also featured on the cover of AmalgaTrader Magazine, and contributesarticles to several leading financial hubs like MarketOracle.co.uk

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