Head and shoulders reversal pattern formation complete on gold . Wait for confirmation with bounce off the 1290 neckline. Suggest using a short position on futures options or mining etfs (JNUG, JDST) watch gold closely and cover to stop loss should price rise above the pattern's neckline. Watch for breach of trendlines as indicated in chart to invalidate the...
A PICTURE IS WORTH A THOUSAND WORDS AMEX:NGD TSX:NGD
Fractal Inverted Head and Shoulders AMEX:JNUG AMEX:NUGT NG TVC:GOLD
In relationship to crypto and stock markets analysis I did with all my charts, ive compared the relationship of what might happen to gold in the next 2 years.
$GDXJ is an exchange traded fund which lets investors gain exposure to a basket of gold and silver mining companies, which can be a very interesting vehicle to benefit from major moves in precious metals. In this case, we see that the daily chart is likely to start trending sharply up from here, with a chance of breaking above the long term resistance zone above,...
ABX triple downward wave is over. The exchange rate points towards the end of a triple wave structure decline. In the picture, in the area marked with quadratic angles, we expect uncertain low-speed motion. From this rectangle, a dual wave structure ascending motion can start. The primary target price is 13.01 usd.