I have started accumulating my medium-term position in this stock once it broke the down-trend started in August of 2016.
I am looking to add on a dip over the next few days (which there should be one), however I am playing this from a more aggressive standpoint. If you're a more passive investor, wait for a clean break and close above the key $4 level which has...
I'm still in this gold long, and thankfully was able to add to my position got ABX and SSRI on the way down last week.
Small sell-offs like last week are very common during a baby bull, people tend to get nervous when they see some selling, which adds fuel to these sell offs. The best advice I can give is to review your charts, and trust in your analysis,...
Look for strong resistance at the $25.40 area, with retesting the bottom of the channel.
This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).
What if we are in a similar situation from the 2014´s rally ? Let me explain …
(Look weekly/daily graph below)
Week 27th Jan we had the red candle (quite same period as this one), maybe not than bearish that the recent one, but anyway engulfing one and what happened the week after... 3-4 dollars down and up to test the top of the previous week (20MA). We had a...
This is the year we see a strong break through that resistance level established in 2011.
RSI trending up with bull divergence since 2013. I see a 2016 clone-type move for 2017.
Will we pause/drop $20 every $80 gain? Yes. But do not confuse consolidation with a bear. The bear market ended in January of 2016.
This is a long-term trade.
It looks like gold has begun to consolidate a bit before it's next leg up.
I went long again with a medium sized position on Thursday, and will be looking to add to my position every time this dips closer to the red band on my chart.
This will be the year of gold imo, and I will be long all year.
I didn't realize I could only edit ideas for 15 minutes after publishing. Still learning my way around here. This is the revised chart/notes.
Since the December bottom, Gold has closed positive for 16 days continuously and by doing so proved a bull market has returned. On a longer timeline 2017 represents the first time since 2012 that Gold has gone up YoY...
Trump's recent "saber rattling" comments about China should send gold to 1220 over the next 48hrs. Today we've seen some demand from Asia pushing the price to a new high @ 1208. I'm loaded on $JNUG for Tuesday. I think there is a good chance to make a decent 10-15%.
I thought it would make sense to look at the 1M chart in order to analyze gold for the longer term, based on a purely technical analysis.
The orange bar has become a resistance level since 2011, and this trend has held up to now. With that being said, both the RSI and MACD bottomed out in 2013, yet we've seen consistently lower prices since then. We also seem to...
