A inverse #HVF appears to be in progress on the #GDX @TheCryptoSniper Coincides with a probability that gold has put in a major secular top being pushed down by positive real rate environment.
#GOLD sell we posted (trading portion) was SPOT ON (tee hee) Barring something out of ordinary AMEX:GLD is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day. The precious metal is likely headed towards 1800 area. The last chart shows all major support levels by...
A clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT...
It seems like all trading rules are out of control in this bearish market. One of the Greatest investors of all time Warren Buffett said "be greedy when others are fearful; and be fearful when others are Greedy" this rings true in the mind. However Buffer was an investor & not a traders. the rules differ or both games. THIS IS ONE OF MY BEST & MOST PROFITABLE...
Gold and Silver mining equities remain very cheap relative to gold. Using historical prices and disregarding dilution, the upside of miners to current gold prices is GDX: 96% SILJ: 132% GDXJ: 260%
Hello traders, Looking at the daily chart for ABX, it is at the really critical level. RSI is oversold for the first time in the daily chart this year, and there is confluent layer of trading volume in this trading range: resistance (Feb 25th, 2020) support (June 5th, 2020) Also, XAUUSD is at 200MA in daily chart as well. We can expect relief rally if...
NEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event....
$GOLD ending a descending wedge. Quite tight, but you can see a completed five waves, and we are right on a 61.8% fib, or a closer 50% fib. I suggest waiting for one more touch of the 61.8% with a stop under the other one for a 7.8:1 trade. I wish they would remove that ticker GOLD it plays hell with the CFD market. I thought when Randgold was bought it would disappear.
Have a great day
Markets are not linear, although I continue to be bullish Gold the risk is that we have one more move lower before the uptrend resumes.
bigger picture. looking for higher H's but cool formation $GOLD $ABX.CA $GDX $GLD
on the verge of a big breakout after a massive consolidation. $GOLD $ABX.CA $GLD $NUGT $GDX
ABX looks really good at current levels especially with the market corruption taking place. Right now, Daily and Weekly Charts look good. Although we are not happy with the stock price action of late, we still think 2019 will be a record year for ABX. The Randgold merger was approved and announced today. After the positive news on the merger, ABX then released...
ABX chatter has been increasing heavily among analysts during 2018. Macquarie Downgrade the shares of Barrick Gold Corporation from Outperform to Neutral when they released a research note on October 22nd, 2018. (BEFORE merger with RandGold was approved) Citigroup Upgraded the shares of Barrick Gold Corporation from Neutral to Buy in a research note they...