The next rung on the ladder is likely to be stepped on today...
current summer trend has hit the primary trend. The Primary trend usually wins. May be good time to take some profits.
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
Time 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 with highest monthly volume ever. www.youtube.com
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$GDX with the breakout and successful retest of the $32 level, broke out of bull flag and is now taking out the May peak. My target is $42, which is the 161.8 extension from the Feb/March peak/trough #gold $GDXJ
I warned my readers about a bearish ascending wedge which GDX just mashed through (I also had several overhead resistance points for stops and I was certainly stopped out), but then this morning five minutes into our session GDX just hit an overhead resistance going back 2014! What do you all think is going to happen next? Does the wave count bother you? Where do...
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! There has been a strong divergence between price action & the RSI. A breakout of the RSI triggered a bullish run that has taken gold to new highs but still a far from the upper resistance line of the channel.
GDX like gold is looking to break out to the moon, but is that party going to be put on hold for now? Both Gold and the GDX are showing some bearish divergence (shown in chart), they are moving higher in price on lower momentum. In fact most indexes are showing this, not just the gold market. We are going to need a lot of rocket fuel to get to $47 for GDX and...
GOLD has made a multi year basing pattern , commencing in 2013 and finally breaking out in mid 2019. The gold miners, GDX followed in April this year. Based on the market direction and momentum for GOLD and GDX we would expect that the gold juniors, GDXJ will follow shortly.
countries started the repatriation of gold from major reserves right before corona struck. I imagine this trend will only accelerate in light of corona and other trends. The Fed and other major reserves are going to want to make for those losses. gold miners are undervalued, we should expect GDX continue it's steady growth irrespective of any minor deviation from...
I'm only in this for a small play but I did not want today to happen. I'm still short GDX but from the dotted line you can see where I will exit the trade.
We have 3 major trends that will collide next week. Should get to 1800 next week, then bounce off the primary wave for a healthy correction. But you never know with gold these days. Its quite bullish. If it breaks out of the primary wave, it will go exponential.
Gold's summer season is here and everything looks to be similar to 2011,2016, and 2019. Which means new highs all the way till September. Miners are already starting to benefit. GDXJ might need to close the month lower, but then its 52 to ???
Ok gold , ok... I get it already... buy when it touches the hot pink line... sheesh