This is what I expect for the next three months, and this is what I am betting.
1) If the Impulse has the same momentum as 2019, target in length and strength will led us to 82 at the end of January, and Gold about 2.200 $
2) If the impulse has the same momentum as 2020 (summer), target is 78 or so at the end of the year.
There is no so much difference in both targets, and there is a month or so in time. That means several things for me:
1) The most conservative target would be 78 $, which is a 30% rise from current levels in a few months (60% in JNUG)
2) If the move ends in January, the pace would be "slow", which means corrections of 7 % or 8 % for some days. So deal with it.
3) Both moves are in the channel. And depending on how gold does, we could move up the upper line of the channel, but that would be in January, although we could have some clues during December. Then, targets would be GDXJ 96 of something similar. But that would be like a good desert after a nice meal.
4) I´m much more confidence that the move will last until the end of January, because of other factor and indexes.
So, prepare for a bull or be ...
www.youtube.com/watch?v=BChww2pE...
Have a nice and profitable week.
1) If the Impulse has the same momentum as 2019, target in length and strength will led us to 82 at the end of January, and Gold about 2.200 $
2) If the impulse has the same momentum as 2020 (summer), target is 78 or so at the end of the year.
There is no so much difference in both targets, and there is a month or so in time. That means several things for me:
1) The most conservative target would be 78 $, which is a 30% rise from current levels in a few months (60% in JNUG)
2) If the move ends in January, the pace would be "slow", which means corrections of 7 % or 8 % for some days. So deal with it.
3) Both moves are in the channel. And depending on how gold does, we could move up the upper line of the channel, but that would be in January, although we could have some clues during December. Then, targets would be GDXJ 96 of something similar. But that would be like a good desert after a nice meal.
4) I´m much more confidence that the move will last until the end of January, because of other factor and indexes.
So, prepare for a bull or be ...
www.youtube.com/watch?v=BChww2pE...
Have a nice and profitable week.
Trade active:
The move in gold could be similar to the one we had past year
ibb.co/TPpPYY1
That would bring gold to 2200, bit notice also that during the last month of the move, gold didn't move too much.
Just a possibility of many.
ibb.co/TPpPYY1
That would bring gold to 2200, bit notice also that during the last month of the move, gold didn't move too much.
Just a possibility of many.
Trade active:
Holding... Same downwards pattern than last month. 23- 30 th October.... So, we should bottom for good today-tomorrow.
I believe in the long term target. Just deal with this shakes.
I believe in the long term target. Just deal with this shakes.
Trade active:
The channel is not working. The idea failed. All key support have been broken.
We have been in the "oversold" area for days, while failing. More than i expected.
Things are ugly and can be worse...or not.
I am not selling. From my signals we are at a buy zone not sell.
This is a bullish view, also is happening with gdx.
ibb.co/cQZQjcX
We have been in the "oversold" area for days, while failing. More than i expected.
Things are ugly and can be worse...or not.
I am not selling. From my signals we are at a buy zone not sell.
This is a bullish view, also is happening with gdx.
ibb.co/cQZQjcX
Trade active:
Another drop in gold, but miners didn´t make any new bottom. Instead, they are holding....I´m fully invested...i don`t have cash....otherwise i would BUY like there is no tomorrow....
Have a nice weekend.
Have a nice weekend.
Trade active:
Targets next week...possible: 52 around Tuesday and 55-56 next Friday - Monday following weeks.
Trade active:
I'll update idea once i have my laptop repaired.
Posible intermidate top. Now tomorrow. Don't think It Will go up before trying yo fill the Gap.
Posible intermidate top. Now tomorrow. Don't think It Will go up before trying yo fill the Gap.
Trade active:
Closed half position Jdst Today. The rest tomorrow. Posible scenario: bottom gold tomorrow and miners also. I Will buy Jnug.
Target. Gap at 53 Gdxj
Lets see.
Target. Gap at 53 Gdxj
Lets see.
I still see weakness for the rest of the week.
Dime pending gaps in HUI and XAU. Didn't get filled yesterdsy