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AG is the editor-in-chief of the Gold Predict report and creator of the Gold Predict Buy Zone indicators. His members receive frequent reports and timely updates concerning gold and silver as well as the various mining sectors. He is a technician by trade who prides himself on making his ... more


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Metals And Miners Formed Significant Lows In December
Miners are taking a breather. Prices are trading sideways, and it is unclear if they will provide a meaningful pullback.
Bitcoin Top?
It looks like Bitcoin topped and prices are down 30%. After surpassing $15,000 in December, the next logical level to strike was $20,000. Prices fell short reaching $19,891.00 before running out of buyers.
Metals And Miners Continue To Whipsaw In Either Direction
A breakdown in gold would summon a retest of support around $1,200. I have a symmetrical basing objective supporting $1,180.
Metals And Miners Are Rallying Instead Of Breaking Down
Metals and Miners could set rebound highs this week. There is substantial resistance in gold between $1,292 and $1,300. I’ll watch the trend and update as needed.
Gold Cycle: Failed To Regain The $1,300 Level
Gold failed to regain the $1,300 level successfully. Consequently, the odds favor an extended decline into the October 6th – 10th timeframe.
Metal Sector Fake-Out
It’s been one fake-out after another in the precious metal sector. Investors have been awaiting a major breakout in gold once prices climbed above $1,300. Friday’s rally reached $1,306.90 and promptly reversed, potentially creating a bull trap.
Metals And Miners Show Signs Of Topping
Metals and Miners showed signs of topping after Friday’s employment report. Weekly dollar prices spiked down to the 200-week MA and reversed. If the dollar finally bottomed, we should see a 4-8 week recovery.
E Precious Metals And Miners: Further Decline
Precious metals and miners are expected to decline for several more weeks before reaching the 6-Month low.
E Miners Formed Bullish Engulfing Candles
Miners formed bullish engulfing candles yesterday, and they could be attempting to bounce. Closing above yesterday’s highs will confirm that a short-term rebound has begun.
Metals And Miners Are Bouncing
Metals and Miners are bouncing as the dollar finishes what appears to be a small inverse head and shoulder bottoming pattern. If our analysis is correct, the rebound in precious metals should end next week.
E The Dollar Is Struggling To Break Free
Metals and Miners showed subtle signs of bouncing. Gold and Silver still need to secure closes above their 10-day EMA’s to confirm a bounce.
E Metals And Miners Are Trading Higher
Miners formed swing lows, but gold and silver haven’t. Gold needs a daily close above $1,250 and silver above $16.50 to set swing lows.
E Dollar Finally Closed Above The Short-Term Trendline
After a 4-week bottoming process the dollar finally closed above the short-term trendline. Metals and Miners should be closing in on daily cycle lows.
Is A Gold Bull Market On The Cards?
The multi-year correction is similar to the 1986 and 2002 breakouts. It has been 301-weeks since the $1923.70 8-Year cycle high. We could see this 6-Month cycle retrace between 50% and 62% before bottoming.
E Trading Is Usually Tricky At The End Of A 6-Month Cycle.
The last three weeks were challenging as the intermediate gold cycle expanded into a double top. Metals and Miners should work their way lower over the coming weeks.
E Breakdown Confirmed
Yesterday’s key reversal and today’s follow through strengthen our primary outlook. Metals and Miners should work their way down into the much anticipated and 6-Month cycle low.
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