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...
It's a short market week here, but this is what we've got ... . EARNINGS: HPE (43/33): Announces Monday after market close. ANF (85/80): Announces Tuesday before market open. BBY (70/42): Announces Tuesday before market open. HPQ (50/36): Announces Tuesday after market close DE (34/29): Announces Wednesday before market open. Of these, ANF and BBY appear most...
Consistent with my view on #gold, juniors look like a Wave 4 correction before a 5th wave higher. $GDXJ $GDX $GLD $SLV #silver #platinum #palladium
Price should move up from these levels as rising channel support holds and price breaks out of bull flag.
Have a great day
Small position here for me. Watching for pattern turn right around Christmas. SPY / SPX pullback during the same period should indicate risk-on for GDX with bullish trend. Options are cheap and so is stock. Small position size until we see bullish confirmation helps to reduce risk. I suggest using stop losses. I do not personally because I feel they telegraph...
OANDA:XAUUSD is forming a falling wedge awaiting breakout. RSI is showing bullish divergence. Estimated targets is around 1492 Cheers!
Good time for correction move.
GDX saw a rise in price from June breakout until its top in September. Since that September top, the stock has formed a bullish wedge pattern where it is currently bouncing off the support line. There is also a slight bullish divergence between the price & the RSI indicator. Just waiting for the bullish breakout to occur to activate a potential price target. Any...
The ascending triangle in the gold price displayed here: Has produced a double bottom and bullish XABCD pattern displayed above in pink on the $JNUG chart. A return to the recent highs will likely send $JNUG back into the $76 to $83 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and...
The ascending triangle in the gold price displayed here: Has produced the consolidation wedge displayed in the green triangle pattern above in $NUGT. A return to the recent highs will likely send $NUGT back into the $36 to $38 range. Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the...
GDX, SPY, and VIXY all tell similar story. Things are topped out. Gold, Bitcoin, and shorting SPY will be the best (if not the only) options for alpha in the upcoming market. If you are long SPY or any equities, be careful chasing that last 10% because a 20%+ drop is below you. Long - GDX, MARA, VIXY, BTCUSD, GBTC.
This is an excerpt from the Parallax Report, originally published the week of October 15. For more information, please visit @themacrostrat. "Unlike the usual relationship between volatility and equities, gold and gold volatility trade in tandem; and gold volatility (GVX) continues to grind lower since gold failed to gain momentum above $1,550 which is trending...
- There seems to be some support on 26.16 - Two target prices, if it manage to break 27.33 the next would be 28.44 - A good 3.1RR for this trade
$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.