could be bigger breakout beyond 1310-1330 range $GLD $GDX $GDXJ $UGLD $SLV
Watching the Dollar to see how it acts around the lower end of this trading range. Dollar has been trading sideways since Nov. Expectations of Fed rate hikes through 2019 has no doubt been a tailwind for the Dollar in the last couple months. Depending on how quickly Powell changes his attitude and language in the coming (now every 6 weeks) FOMC press releases,...
Short GDX, Gold. Hitting $1280 previous resistance, 50% Fibonacci level. $GDX has hit resistance and cannot close above $21. Sold my nugt from 2 weeks ago. Now bought 1/3 of $dust for swing. January, markets may rebound, so metals go down. Will wait and see, Happy new year!
Prices have rallied back to the bottom of the (b) wave triangle/pennant and are getting ready to trade down to complete the Zig – Zag Correction started from the August 2016 highs. The factors supporting this are a full Elliott Wave count (a, b, c). There is a Long, Angry Enveloping Dark Cloud Red Candle at the recent top. Price is also still trading below the...
Bullish XAUUSD with close over $1260, FIB Level at .382. Looking for back test of 200 MA, $1252 or so. Trump news and gov't shutdown could push gold higher for next month. FOMC said 2 hikes in 2019, instead of original 3 and they will be data dependant. GDP data out Dec 21. I am in $GDX Jan $20 Calls and Jan $QQQ 152 puts. Bearish USD to .95 or lower in next 2...
$nugt $dust $jnug $jdst Prepare for a jolt- I'm currently out of gold and miners. I don't like it here. pivotal with bearish looking divergence. It will be interesting if it breaks out.
I am expecting gold to move into its final drop and possibly bottom in February. Then we should get a very strong move up similar to the 2016 run. I do not see the start of the bull gold market. Just a large strong C wave up to above $1400. And miners should also make a similar move as the 2016 run. GL
breaking out here on rising volume the past few months. Holding March 22C's $GLD $SLV $ABX
Sell on FED news. will dip little then go back up to 22+ soon. Buy that dip.
gold starting to curl up on increasing volume $GLD $GDX $SPY $DXY $ABX
Gold- Cup and Handle Reversal forming.
plus some triangle break outs $GLD $GDX $GDXJ $SLV $SPY
long term set up. 2700 level looks interesting $GLD $SLV $GDX $GDXJ
anyone remember NAK? it's been just long enough for everyone to forget about it.