Bearish idea on SSRM gold mine. According to gold retracement the short is based on a potential third and last bearish movement to 10.30$ where the bullish movement started.
The green long-term channel started to appear around mid of July of 2016 by price hitting the top of the channel!
During the Covid19 Pandemic we observed a fake breakout but everything gone normal after first months!
15th of Sep the price touch top of the channel and started to fall! the red bearish trendline is broken and we are currently in pullback to the...
Twenty Seven Co. (TSC.AX) is a gold mining company based in Australia. A quick tour of their home page will tell you about their various projects, but at a high level and probably most imporantantly: They own a huge swath of greenstone in Western Australia as well as an actual gold mine which shut down in the 1980's when prices were suppressed. The company has...
Just an idea about the Trendline of DUST Direxion Daily Gold Miners Bear 2X Shares.
Another trendline that proved right:
If you are interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end...
Cup and handle pattern with long term upward trend in tact. I see this targetting a share price of 360p if this pattern holds true and a breakout occurs sometime in the next year.
A lot of confluence here on the bottom trend line of my leading diagonal & the bottom trend line from the March 2020 lows, so much bearish sentiment in XAU currently & also $DXY seem about done with the push. On top of all that yields seem ready to drop, we could have a nice set up for XAU to at least retest the ATH's & breaking that opens the door for $2400....
Hello everyone,
So Gold is finally back in a buy/accumulation zone, even though DXY may have more room to run I doubt this will translate in to heavy downside for gold. 1650 maybe? However, the stars look alligned once again to buy gold, or in this case GDX (Gold miners ETF). You can see the trade parameters in the chart. But this is definetely an opportunity...
GDX... no change in trajectory - bearish.
Previously, called and exited near the top in August 2020 and expected this bearish tones.
Noted BRB Buy Signal triggered as well as the RPM attemping to turn bullish.
Otherwise, MACD is clearly heading down and GDX gapped down to break two support levels in one candle.
More downside seen, at least to 30. possible...
Hi everyone!
Interesting key level in K92 Gold Mine. As long as price is above support is something to keep an eye.
Additionally, K92 Mining Announced Latest High-Grade Drill Results at Kora today with good future perspective: ceo.ca
Hummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange.
It benefits from a very low valuation with a PER of less than 4 at the time of publishing.
After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition.
It is time for a bounce in...
Newmont mining may have just published a false breakout (FBO) beneath the recent wedge formed and the 50 Week MA. We received a rare block alert ahead of the final seasonality run into late February.
