The Gold IRA Company

Investing.com: Modeling Suggests Gold Will Break Above $1650 Within 15-30 Days

Article by Chris Vermeulen in Investing.com 

Our Adaptive Dynamic Learning predictive modeling system is suggesting gold will rally above $1650 within the next 2 to 4 weeks, then settle into a narrow price range above $1600.

If you’ve followed our analysis of gold, you already know we expect the metal to rally above $1750 this year and to continue to move higher, attempting to breach the $2100 level. It is just a matter of time as far as we are concerned as Metals begin a massive upside rally as global debt markets become an issue throughout the world.

Right now, there is a very clear opportunity for gold to rally nearly $100 over the next few weeks.

Our ADL predictive modeling system is suggesting this should begin soon and will likely propel the price of gold to levels above $1640 before March 15.

This monthly gold chart highlights our overall trend expectations going out 8+ months.

We think this upside price rally will ultimately target levels above $1800. It will likely attempt this move in multiple upside price legs containing various pause/momentum basing events. Yet we believe the ultimate upside objective in gold is $1800 to $1850 before a new downside leg sets up. That downside leg will end fairly quickly, then the next wave of buying will push the price above $2100 and, ultimately, much higher.

Concluding Thoughts

This is an excellent opportunity for skilled traders to buy gold or silver near current levels before the upside breakout pattern drives prices 4% to 6% higher ($75 to $100).

To read this article in full, click here.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.