𝗚𝗼𝗹𝗱 𝗨𝗽𝗱𝗮𝘁𝗲: $GC_F Daily. Breakout ... Backtest?After a long period of consolidation has broken out. Should run to at least ~1960. Potential for a pullback to backest before doing so
$GLD $GDX $GDXJ $SLV $SI_F $DXY $TNX $TLT
GDX
GDX beautiful setupGDX has a lot going for it.
Nice H&S headed to a breakout
Channel breakout
Falling Wedge breakout
Above 33.50 it should trigger the H&S break, and above 34 it will probably get this moving towards 36
Cycle Low in Silver, Gold? Inflation Hedges Take Off NYSE:AG MCX:SILVER1! AMEX:GDX TVC:GOLD
It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges.
It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid.
Regardless - silver (shown) and gold are hinting at cycle price lows. After breaching a year-long trendline and triggering selling pressure, silver prices held support over the previous major low before forming what now may be a H&S Bottom, as defined by Edwards & Magee (1951).
$GDX Beautiful .618 bounce First PT 35I don't normally post Fibonacci's because they cloud up my charts but GDX appears to have made a beautiful bounce off the .618 fib line.
I went long DEC $34 calls, already up +15% but my PT is $35 in the near term.
A lot of bullish option flow for GDX/GOLD in general, I also have IAG shares doing nicely.
Whatever your strategy preference, I think it's a good idea to get long Gold for near term upside.
$2100 Gold in 2021all it needs is a catalyst to exit the 6 month consolidation down
inflation all around us
watch for volume ramp up to foreshadow the move
GDX looking for higher lowGDX have been so beaten for so long, and every previous attempt was not ready for that consolidation nor higher low. After a recent and decent break above the 55EMA, the Gold miners GDX ETF is retracing hard (as expected) and is now looking for a higher low, in about a week or two.
And with that, then we know the next run would be more robust.
GDX SHORT SWING TRADE | GDX | SHORT @ 31 - 30 | TP @ 29, 28, 27, 26, 25 | SL @ 33 | PATTERN = DOUBLE BOTTOM BREAKDOWN |
PNF chart on the hourly shows a breakout, DOUBLE BOTTOM BREAKDOWN
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
Trading Range Breakout - Vox Royaltylooking back over 2021 the share price of this royalty company has done it all. We have seen a sell-off that culminated in massive volume (for this company) putting in a base. We then carved out a trading range before catching a bid to new 52 week highs. The recent breakout was welcomed, but the pullback to previous resistance on low volume, which is now acting as support, is crucial. Assuming the bull move is not over and buyers buy into value, the measured move of the trading range breakout would take us up to C$5.00
in the last 7 days Vox is up 5.1%
1 year up 34.2%
Oct 01 - Vox Provides Recent Development and Exploration Updates from Royalty Operating Partners Gold Standard Ventures, Genesis Minerals Limited, Metalicity Limited, Black Cat Syndicate Limited and Norwest Minerals Limited
July 29 - simplywall.st
gold update ready to jump 1870 levelGold is in wave 4 in the weekly time frame. Reform of US stocks increased the pressure on gold. Given the rigidity of a triangle such as wave B, one can expect the growth of gold to complete wave C of the triangle.
GDX and probably GXC rising to the occasionThe GDX was in close watch and it is time... Technicals are favourable for a bull run, and so is the broad equity market. Also had broken out of the Buy Zone!
GXC the China ETF is just about ripe based on technicals. Similarly, broad equity market drift should hold in supportm and the immediate gap should be closed for a run up.
USAS SPELLS YES..well at least to me it does. This is weekly chart on USAS but wow.. this looks like a deal. I believe we'll see this one over $11.00 in a few years. I believe this to be a very good value.
Approaching ratio levels on GDXFollow through of this ratio has in past allowed for bearish trends to reverse and lead to new bull move. Assuming proper market behavior, GDX may soon begin to regain bullish trend in coming months.
GDXJ SUPPORT LONG I see support with an old 9 day Demark Count Look Left we are at day 9 of a downward trend. We are at the bottom of a Boillinger Band on the daily. We are at the mid line of a LR on the daily with Stochastic bottomed out. Gold hit bottom of daily Range . I hope Im right. 7 percent in the next week. Thank you if you actually read this. Please comment. Oh we are at the end of a GANN cycle for a while in Consolidation
gold fast move down and so do miners.We could see a continuation to the downside from here to 1620 area by the end of September, beginning October.
That would take GDXJ to 34$ or so and GDX to 28$
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If you long, at least enjoy the music.
GDX almost baked...GDX... has been very disappointing of late, but patience is needed for this one.
Previously marked out bearish notes and downside target, plus Buy Zone. It is about there now, and looks to overshoot to the target nearer to 28.
Be patient... be ready too.
GDX Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
GDX worth the riskIf GDX wants to go higher, it must react now. Worth the risk to long term OTMs. Stop loss is prior low 30.69, should not test that.
Some Gnarly 15R GNUGG, ScoobInflation?
Deflation?
Stagflation?
Grab yerself some NUGG for better R than GDXJ, but without that sweet sweet Divy.
15R, we are in in crypto / squeeze-job territory.
Stop below the green box -- good prices if you can get 'em.
Double Bottom on the Gold:SPX RatioThe Gold:SPX ratio has but in a double bottom on the monthly chart, indicating a likely short-term top in the US equities market and/or a re-test of the August 2020 highs for gold. If there is a broader market sell-off and deleveraging that brings all assets down a bit, that would be an excellent and extremely low-risk time to load up on quality gold and silver mining companies in safer jurisdictions.
How to make the most out of a gold seasonLet’s get long on gold. $GDXU is a triple mover on the movement of beloved ETF GDX, Vanguards well known gold miners fund.
GDX Going Long From Strong Support Levels Chart looks great, planning to enter calls expiring about a month out and trade into the resistance line, think there is more consolidation ahead before we see a strong enough uptrend to break that resistance. I Like The support level we are holding, good upside and holding a tight stop loss if it breaks under $30 to the downside.
GXC and GDX beaten downThese two ETFs are of some interest as they have been beaten down rather hard of late. More downside risk prevail, but just markign out the potential buy zones to look out for over the next few weeks.
Let us see how this pans out...
GDX breakdownWhen Gold and equities are not doing well, and the USD is spiking, little is left for the Gold Miners to rally on.
Looks like it is going to take out the last low...
HODL!
