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Assessments / Blog 2019-04-24 THE APRIL 21~24 GOLD CALL IS HERE
One of the most important things about making calls about any future price movement is to have confidence in your research team and systems. The second most important thing is to make these calls public so everyone can see if you were right or wrong about your predictions. Predicting the future, often many months in advance, is not an easy task. We like to ask people, how many people do you know that can predict something in the future, almost to the exact day, and find they were accurate more often than being wrong? Well, this is the time we’ll see if our predictions are accurate or not. Back in October 2018, we issued a research post indicating that Gold would rally above $1300, then stall, then set up a momentum base between $1260 and $1275 near mid-April or early May. Here is a link to that public post: https://www.thetechnicaltraders.com/45-days-until-a-multi-year-breakout-for-precious-metals/ In February/March 2019, our research team honed in on the April 21~24 dates as a key cycle date for a very likely momentum bottom setup. You can read our research here. We believe these dates will be key to the future rally in Gold and they may very well be the last time we see sub-$1300 price levels for a while, but gold does need to reverse to the upside this week. |
