JNUG - Short Term Bullish
I AM NOT IN THIS TRADE
Per request, here is an update for JNUG
I do think that gold and gold ETF's will turn bullish if general market turns down.
Each person has their own preference for Gold ETF's (if they use them).
I prefer GDX for price and pattern.
Chart Details
Price broke out of blue wedge and then yellow triangle as expected. See last chart.
If JNUG breaks most recent ATH around $100, this can indicate a new pattern.
More analysis/data is needed at $100 to see how price reacts.
Let me know if you need update later. I will help if I can. :)
Entry Options
If I was already entered, I would hold and would be watching $110 for possible exit, or stall of price. Should go up to fill gaps.
If I am not entered, I would look to enter long at lower gap fills or return to 10WeekMA.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
Previous JNUG Chart
Per request, here is an update for JNUG
I do think that gold and gold ETF's will turn bullish if general market turns down.
Each person has their own preference for Gold ETF's (if they use them).
I prefer GDX for price and pattern.
Chart Details
Price broke out of blue wedge and then yellow triangle as expected. See last chart.
If JNUG breaks most recent ATH around $100, this can indicate a new pattern.
More analysis/data is needed at $100 to see how price reacts.
Let me know if you need update later. I will help if I can. :)
Entry Options
If I was already entered, I would hold and would be watching $110 for possible exit, or stall of price. Should go up to fill gaps.
If I am not entered, I would look to enter long at lower gap fills or return to 10WeekMA.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
Previous JNUG Chart
