GOLD - Daily chart forming a symmetrical triangle. In itself is 50/50 neutral regarding breakout direction. However, in the context of a secular bull market, likely to be a upward breakout, as the prior wedges, flags, triangles prior..
EARNINGS: ROKU (64/83) announces earnings on the 13th (Thursday) after market close and looks to be the best play out of earnings announcements occurring next week from a volatility contraction standpoint. Pictured here is a fairly straightforward short strangle camped out around the 17 delta in the March cycle, paying 5.62 on buying power effect of around 12.50...
Double top daily at 61.8. back inside the symmetrical wedge, bearish macd and rsi (second top printed lower values) Gap between $32-$33 where I am looking to buy levels = $36 200DMA, not tested since break out in may 2019 of the wedge base. $33 100WMA
Gold almost hit the first target in the quarterly timeframe here. If it doesn't go back under this quarter's open it may keep rallying. Upside target #1 is not far, 1615.28, but it could go higher until Q2 2021 at least, reaching prices between 2094 and 2714. The technical pattern that formed while #Gold was under accumulation is called an 'explosion pattern'....
I'm posting this one as an update to my broad stock positions outlook. For now I've moved to cash in all positions, and bought some energy, gold/mining/oil and added to my #Bitcoin holdings with proceeds. I also have some bearish bets in #AAPL, might be a good idea to reduce risk. My bullish posts for stocks might end up resulting in a failed signal, or maybe they...
#Gold gap up above horizontal resistance, nice cup and handle formation. Well defined RR on an entry here, can set a tight stop just below the gap. $GC_F $GLD $GDX $GDXJ
EARNINGS: NFLX (46/41) (Tuesday After Market Close). The metrics aren't ideal here, with the rank below 70%, the 30-day below 50% and the at-the-money short straddle paying less than 10% of the value of the underlying in the February cycle, but this is the best of the bunch announcing next week in terms of both liquidity and implied volatility. Pictured here...
My followers and readers know my fascination and excitement about Gold and Silver. Being well versed in economic history, one cannot avoid Gold. Human history is cycles of hard money and soft money, and come 2021, we will be in the 50th year of this soft/fiat money cycle. Interestingly enough, Neil Howe and William Strauss in their book “The Fourth Turning”,...
After months of choppy waters, finally bulls are emerging from beneath the woodwork right on time to position for 2020 flows. For all those tracking the current leg in Gold by now it should be crystal clear: Those momentum traders will know the highs will be eclipsed over the next few sessions, generally prefer buying dips. What I am most impressed by is...
#Gold should resolve here very soon (next week?) w/ a $40-$50 move up/down from $1480. Based on bull wedges, 4-wave structure, RSI break & retest, & strength of miners, I lean toward this breaking higher. Waiting for a close above $1495 for confirmation. $GLD $GDX $GDXJ
Bullish 5-0 pattern. Harmonic pattern approach. $SLV $GLD $JNUG $NUGT
With the Greed index at the top and the pattern on this chart, JNUG should be on your watchlist. When this takes off, it will be a very nice move! money.cnn.com
#Gold at really key level here. Price recovered uptrend channel on Monday, but rests on horizontal support & rising trend line from Oct '18. Breakdown here would set up retest of 1450 and possibly lower Bulls need gold to move higher right here. A break above 1495 would signal a new leg up has begun. The miners continue to show strength, which is a good sign....
#Gold just broke above horizontal resistance & now looking to break up from August downtrend channel. A move above 1495 would resume the uptrend from 4Q18 (channel support recently held) RSI also breaking out from declining resistance $GLD $GC $GDX $GDXJ $SLV
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
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