GDX
GOLD Update for week ending 23 August 2019Week update for week ending 23 August 2019
In Bull territory.
Projected range for upcoming week 1563.91 - 1508.15
Price Projection:
HMA: Very Strong Bull
Bull RSI: Bullish
Bear RSI: Bullish
BSI: Bullish"
5 RSI: Positive
Consolidation: In Consolidation between 1480 - 1530.22
Price-Trend: 3.72x ATR (anticipate a stall while waiting for the MAs to catch up)
Daily for 23 August 2019
In Bull territory.
Price Projection:
HMA: Strong Bull
Bull RSI: Bullish
Bear RSI: Bullish
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 1472.41 - 1535.03
Price-Trend: 1.87x ATR
GOLD Update week ending 16 August 2019Week Ending 16 August 2019
The week is bullish, the daily is bullish.
Projected range for upcoming week: 1494 - 1550
Weekly Data.
In Bull Territory.
Price Projection: Daily Only
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: None
Price-Trend: 3.69x ATR (over 3x ATR away from Trend, expect stall)
Daily Data for Wednesday 16 August 2019
In Bull Territory
Price Projection: 1563.47
HMA: Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1472 - 1535
Price- Trend: 1.88x ATR
GOLD 60m Diamond Top Playing OutGenerally considered a reversal pattern, a classic diamond top is currently playing out on the gold 60 minute chart.
Possible Diamond Top Building On The GOLD 60mThe gold 60m looks to be building a diamond top reversal pattern. Just a possibility to consider.
GOLD Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bull Territory
Price Projection: 1480.92 - Returning to low of consolidation
HMA: Strong Bull - In Consolidation
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation:1535 - 1472 (re-established)
Price- Trend: 2.02x ATR
GOLD Update 12 August 2019Daily Data for Wednesday 12 August 2019
In Bull Territory
Price Projection: 1563 - 1567
HMA: Very Strong Bear
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high
Price- Trend: 2.87x ATR
Enveloping bar on Monday, re-enforced prior projection.
GOLD 3D Top of ChannelGold 3 day chart at top of ascending channel and at the intersection of horizontal resistance channel.
JDST vs JNUG vs GOLD Weekly Log LineGold's 6 year long backtest is nearing an end. JNUG/JDST likely to reverse and reconverge at mean.
GOLD Daily Linear Scale Line ChartSimple study highlighting 4 year long ascending channel. Price currently at top of channel. Indicators converging at top.
45 Year 2M Linear Gold StudyThis has all the earmarks of a backtest. Should history repeat it is destined to fail.
Gold Update week ending 9 August 2019Week Ending 9 August 2019
The week is bullish, the daily is bullish.
Weekly Data.
In Bull Territory.
Price Projection: 1647
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high side
Price-Trend: 3.7x ATR
Daily Data for Wednesday 9 August 2019
In Bull Territory
Price Projection: 1567
HMA: Strong Bear
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1509 - 1472
Price- Trend: 2.6x ATR
Projected range for upcoming week: 1521 - 1475
Gold likely to push higherGold is working a continuation triangle, implying a move higher. At this point spike to 1550 is likely, but I still think we're due for some sorta temporary top
Gold Update 7 August 2019Daily Data for Wednesday 7 August 2019
In Bull Territory
Price Projection: 1567.84
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: None
Price- Trend: 3.1x ATR
Expecting stall and new consolidation range to form.
Gold Update 6 August 2019Daily Data for Tuesday 6 August 2019
In Bull Territory
Price Projection: 1535.64
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: None
Price- ATR - Trend: 2.4x
GOLD Update 5 August 2019Daily Data for Monday 5 August 2019
In Bull Territory
Price Projection: 1487
HMA: Very Strong Bull
BSI: Bullish
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: Broken to the high
GDX Under-Performing Gold & HUI = Miners Anticipating Lower GoldGDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%.
On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment is a retest $25 GDX.
Don't be like the many people who bought the "gold to the moon" hype in summer of 2016 and bought in at the highs and then subsequently got their a$$es handed to them.
Gold Update week ending 2 August 2019Week Ending 2 August 2019
Weekly Data.
In Bull Territory.
Price Projection: 1470.66
HMA: Very Strong Bull
BSI: Positive
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1333 - 1452
Daily Data for Friday 2 August 2019
In Bull Territory
Price Projection: 1470.24
HMA:Bull
BSI: Positive
Bull RSI: Bull
Bear RSI: Bull
5 RSI: Positive
Consolidation: 1383 - 1452
Projected range for upcoming week: 1424 - 1484
Update 1 August 2019In bullish territory
Enveloping bar in consolidation
Price Projection: 1473.23 (Break out of consolidation high?)
HMA: Bullish
Bull RSI: Bullish Territory
Bear RSI: Neutral
5 RSI: Positive
Consolidation: 1383 - 1452
