GDX
Silver - Here We GoThe price of Silver is set to make a run and like Gold, the macro fib extension is the road map.
The log scale weekly chart is a great way to illustrate just how far it could get. Looks to me if price can break out to all time highs, traders would target $88 and possibly $135.
GOLD ascending triangle$gld $gdx $nugt $dust $jdst $jnug $gdxj $slv $sil
I'm bullish on gold no matter what technical patterns are at play. This is an interesting pattern I've not spotted until the last few months. Looks like a legitimate ascending triangle and measured breakout. Will it break above and never look back or will it correct and land on top to test the triangle? Doesn't matter to me. Either you hold it or you don't.
How will it play outGold price action in 2007-2008 shows how the 1980 all time high was broken.
I've compressed the time scale, cause, lets face it, things are happening faster these days.
I'll be looking for a wedge pattern...
silver closer to the floor than the ceilingThe silver to gold ratio is telling a story worth listening to. It seems to be telling us that silver is still incredibly cheap compared to gold and is closer to the floor than the ceiling in terms of value when compared to gold.
GDXJ Possible Exit pointThere is a channel working right now. i´m tented to exit and enter, except if gold moves so wild that the top line of the channel is crossed by the candels.
!GDX, !SLV Trade Updates Holding both positions long from the entry given on back in June here on my tradingview.
It has begun...It appears the path has been chosen. Bears may have a chance at the primary trend, but bulls look very very strong. A new all time high is in the cards for the summer season. Technically it should arrive in about 6 weeks.
Sept 1st prediction
AXUUSD 1900
GDX 52
GDXJ 66
XAGUSD this wild beast has broken free today. Who knows where he will fly to...
Equities - Own What is Working! Pt. 5Please check out my blog post for the full details:
www.derzzycharts.com
Well GDX looks really healthy right now. There isn’t even a bearish divergence which means we can buy it right now if we wanted to! Remember to stick to your process whenever you are entering positions. So for now, we will leave XBI and QQQ alone, but buy GDX right now if we so please.
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
Equities - Own What is Working! Pt. 4Please check out my blog post for the full details:
www.derzzycharts.com
Same exact deal, we have a bearish RSI divergence, so we have already taken a third of our position off, now we wait to see what happens next.
"Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed."
What about GDX?
Equities - Own What is Working! Pt. 5
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
Equities - Own What is Working! Pt. 3Please check out my blog post for the full details:
www.derzzycharts.com
Now we may be seeing a double RSI divergence coming up here, which is where we exit another third of our position. Very key to also think on the bullish side here and consider that the RSI could hit new highs, which discounts the bearish divergence. Very key to watch at these levels because we are either adding capital on the pullback or locking in gains if the double bearish divergence is confirmed. What about QQQ?
Equities - Own What is Working! Pt. 4
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
Equities - Own What is Working! Pt. 2Check out my blog post for the full breakdown:
derzzycharts.com/blog-1/equities-own-what-is-working
Here we have XBI, GDX, and QQQ. The gains have been amazing already, so now we have to practice some patience. Honestly I am waiting for a pullback on some of these sectors before I buy them. Why? GDX looks the most promising, as it is the only one that doesn’t have a bearish divergence on the RSI. Remember bearish divergences are for taking profit, not for entering positions. Let’s have a look at XBI:
Equities - Own What is Working! Pt. 3
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
@derzzycharts
www.derzzycharts.com
carefulcurrent summer trend has hit the primary trend. The Primary trend usually wins. May be good time to take some profits.
Bookmark This: Don't miss this Gold Trade. Targets acquired from multiple instrument technical analyses.
This trade is one you don't want to miss
Something ominous lurks Beyond.
X AMEX:GDXJ OANDA:XAUUSD AMEX:GLD AMEX:GLD AMEX:JNUG AMEX:GDX TVC:SPX TVC:DJI NASDAQ:QQQ AMEX:FNGU TVC:DXY
The Big Squeeze 2Time is nigh to choose a path. Which trend has more believers. Which trend will rule them all.
You have 1 week to decide. Otherwise you will be forced...
Newrange Gold Monthly breakout Newrange Gold Monthly breakout with highest monthly volume ever.
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