I suspect this will be a very good spot to buy JNUG. Moving averages are supporting JNUG here. Looks as if the ICL in Gold and Miners is confirmed. Dollar relentlessly pushes lower.
Comment:
Keeping an eye on GDX 23.50. Look for a break thru
Comment:
Gold breaking thru some pretty serious trend line resistance this morning. Boom!
Comment:
Bull flag breakout with AB=CD projection to 1275 gold on the 30 min chart
Comment:
XAUUSD is right at support. But on day 23 this could be time to move lower into the DCL. I would protect your position with stops. I got stopped out of 1/2 my JNUG Yesterday.
Comment:
JNUG is at support, stops should be in place.
Trade closed: stop reached:
Small gain, don't want it to become a big loss
