The otherwise bearish gold chart may not touch down on $1400 to $1420 as many expected it to. Trade wars and tariffs along with the debasement of all fiat currencies may trigger the return to higher gold prices. Gold bugs who have been frustrated again and again over the last 5+ years may now see another large scale move as short positions are covered heading...
GDX buy signal on Daily. About to cross 10WeekMA for strong bullish continuation. Anytime 10Week is crossed we see bullish confirmation (weeks). Trend turned bullish on Filter Dots. Gaps to fill above in the $30's imply over 30% gains from current price. Not sure if we get this high, but bullish trend just starting today/tomorrow. SPY looking to go down soon. ...
Anglogold Ashanti $AU This looks like a wave 4 at channel support setting up a break above the 38.2 Fib #gold $GC $GLD $SLV $GDX $GDXJ
Juniors looking to hold key support. Nice bullish engulfing weekly candle. $GDXJ $GDX #gold #silver $GLD $SLV. A break above that downtrend line would be a solid entry
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...