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Technical Updates For Gold and The Broad Markets

Cory
March 27, 2019

Rick Ackerman is with us today to share his outlook for Gold and the US markets. He outlines a couple targets for both pullbacks and breakouts that need to be watched closely.

Click here to visit Rick’s site and follow along with his technical outlooks.

Discussion
8 Comments
    Mar 28, 2019 28:34 AM

    On his last interview (3/15) Rick said : “2 closes above 1315 will push gold to 1349” and gold did it on Monday and Tuesday. No comment

    Mar 28, 2019 28:56 AM

    Perhaps no one listened to this forecast, but it got gold’s plunge exactly right. Here’s an update that I just posted in my chat room:

    “June Gold, down $20 at the moment, has slightly exceeded the 1296.80 downside target I sent out last night as a minimum downside objective. I’ll offer tracking guidance if I hear from at least two subs who shorted at the 1313.80 tripwire and still hold positions. The profit per contract at current levels would be $1620.”

    If the ‘Hidden Pivot” support at 1296.80 gives way easily, it would put a 1262.70 target in play.

    Max
    Mar 28, 2019 28:00 AM

    ThankĀ“s Rick, so 1262.70 is next ?
    Any bounce levels on the way down ?

      Mar 28, 2019 28:24 AM

      1279.70 is now my minimum downside objective. A tradeable bounce from within a tick or two of that price is possible.

        Max
        Mar 28, 2019 28:34 AM

        Thank you, Rick.

    Max
    Mar 28, 2019 28:03 AM

    1275 ?

    Mar 28, 2019 28:59 AM

    /GC targets…daily 1298 has been hit…wide ranging bar are rarely bottoms and next lower TAS profile bottom is 1287 area..also, weekly first tatget TAS profile is 1290…so i think gold is at or very near support…some consolidating is expected for next move

    Mar 29, 2019 29:49 AM

    /GC countertrend bounce not yet .382 of full leg down…it is .41 of the smaller second leg down on the hour chart…..i already see selling…so weak shorts being driven out?…no idea