It is looking good for short.
I believe the miners are undervalued and stand to do well moving forward. Gold and silver have shown their stability through history and remain solid in my opinion. I see a lot of potential in the miners. (renko blocks are not playable so I'l have to post updates below)
Gold miners are clearly worthless now that gold is down 10% from the high. Does anyone know who planned this event?
miners have re-entered my "I'm interested" zone. I think 2020-2021 has very good things ahead for the miners and the things they mine exciting $nugt $dust $gdx $gdxj $jnug $jdst sorry for the ugly chart
With the market going up, gold should be going down. Looking at .382 to take profit but could go as high as .618 level. Going for the .382 is already good enough for 10% gain.
Gold has reached the target I mentioned on my last idea AND without much retracement. At this point it's best to take profits on gold longs or tighten stops. a decline to 1430-1400 is probable at this point and then a rally to next target 1587 **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just...
We can bless those who own the stock from now For memory and education no more It is not advice and everyone is responsible for their decisions
Looking at past trends, bottoms seem to go up at 10 degree angle.
$xauusd $xagusd $gdx $dust $nugt $gdxj $jnug $jdst $dxy $silver $gold I'm looking for the dollar to continue these natural cycles and form a low towards end of 2020 watch for a possible spike before the low. Gold, silver will most likely sell off again and offer another very good opportunity.. perhaps we'll see a huge rally in precious metals through 2020. Buckle up.
Keep studying & tweaking GLL (Gold Short Model) to try to understand maximum peak in Gold/Miners. Continue to see 3 hour brschultz model place optimal peak in gold miners in Sept 2021. Bottom in S&P, Dow, Nasdaq, & Real Estate in Late 2021 as well. brschultz
Put a buy order on 896 and a stop loss on 849. The first target will be 1115 and the second target will be 1230. 1115 will break soon or late. Chill!
Symbol: DUST Position: +200Long Entry : $7.69 TP: $10.5 Stop Loss: $6.68 (1.5x10DAY ATR) R/R: 2.47x Notional Risk: $202 Technical: Trend reversal Multi-day RSI divergence. I'm looking for GOLD prices to tuck back under 1500 the bleed off to July prices. Running a tight initial stop as I'm a bit late to the party.
Gold is holding up quite well today despite the strong dollar and the weak euro. One could think the reason because gold is ignoring the dollar strength. I think gold is just propped up to let smartmoney exit their miners positions ahead of the holiday weekend. The dollar will break out next week and the euro is heading lower . This will move gold into...
Dumps and climbs 50% Fib.Volume looks strong and RSI has room before hits resistance. We can re-evaluate future target once we hit resistance. US and China trades news painting good picture.
Gold/miners to pull back? Long term bullish but a correction should be welcomed by bulls $gdx $gdxj $nugt $dust $jnug $jdst