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Assessments / Blog

2019-04-30
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 3^rd, or early next week, May 6^th or 7^th. Please pay attention to this potential price move as this may be the last low price reversal before a very strong upside price move.

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