Miners have been beaten down due to the downside in metals recently, with UJ and XAUUSD at a good point for a probable turn around I am long JNUG in the 15's price tgt $20.
Comment:
First tgt met 32.20, watch for break here for move to 33.XX's
Comment:
we have held now above the 32.20 area, next tgt is 33.20 area, gold is now confirming buy. Sit back and enjoy the pips
Comment:
MACD cross on daily gives us the buy signal on XAUUSD, $20 JNUG is right around the corner.
MACD cross on daily gives us the buy signal on XAUUSD, $20 JNUG is right around the corner.
Comment:
I have sold all of my JNUG position at 17.40 from $16.00 to realize gains, price action in metals yesterday started getting shaky so I placed a stop loss at 17.40 to lock in gains in case it fell apart, which it started to until the health care new surfaced that Trump care was stalled again. Rather be safe then sorry and re-enter later, i am now awaiting a pullback from 1240's to find entry back in miners.
Comment:
second tgt has hit, i am back to cash on my miners play. awaiting a pullback and seeing if this run is going to continue as planned
Trade closed: target reached:
think we are becoming to top end heavy, 2nd tgt was reached and overall a good trade. Closed all positions at this time.