Are Metals on the Verge of Making a Misleading Move?

Welcome to Extreme Investor Network, where we provide exclusive insights and analysis on the latest trends in the world of economics and investing. Today, we are taking a closer look at the current state of precious metals and what it means for investors.

When it comes to gold, many investors have been waiting for a breakout, but there seems to be something unusual happening. Our Yearly Array points to a Turning Point in 2024, with a possible directional change approaching. This indicates that we could see an important high coming up soon, possibly by Monday if we reach certain levels. The major resistance stands at 2800, with target resistances for the upcoming week at 2573, 2589, 2695, and 2705.

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On the other hand, platinum is not following gold’s trajectory and may test support into 2025 before rallying. Our analysis suggests a low forming in 2025 with a shift to the upside thereafter.

Looking at the Silver/Gold Ratio, we see a Double-Directional Change in 2024. The Stochastic is showing signs of turning down, indicating a potential decline in gold but a gain in silver on the ratio. This sets the stage for a more sustainable bull market in the coming years, which will be further discussed at our upcoming World Economic Conference in November, following the Presidential election.

It is important to note that before a sustainable bull market emerges, there is usually a false move, which in this case seems to be shaping up to the downside. This could present a significant buying opportunity as we approach the election period.

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Stay tuned to Extreme Investor Network for more unique insights and analysis on the world of economics and investing that you won’t find anywhere else. Join us as we navigate the complex world of financial markets and uncover hidden opportunities for growth and success.

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