Morning everyone! As shared yesterday! The potential of an inverted H&S is still valid. Upside is still possible until 200ma is broken but as of now, 200ma is still holding so that's good Cheers and stay safe!
Head & shoulder & ABCD PATTERN is formed Above is free 4H chart explanation No Daily changes so far after a very Bearish E.U. session opening on usually volatile Hourly candles. We can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of March 7 - 20 sequence. Stock markets and Bond notes are on usual levels but...
Company has great gold resources and reserves and is a very strong candidate for a buyout. If gold bottoms at 1800 and continues to 2300, I think SOI bare minimum returns to its 2016 peak (5-bagger) or potentially surpasses that level and gets near $2.0+
Another undervalued jam in the junior gold mining space. Retraced to .15 Fib support but note the accumulation picking up as the stock price started sliding down. That's my favourite kind of divergence! The market is not taking into account CRES's holdings in other junior miners. Its market is currently below its cash eq. Holdings include: VC.C | 8.9 mil shares at...
Another breakout chart. Given the historical results from TBR's Nevada gold property, the stock should be trading at multiples its current market cap. Very favourable macro, great jurisdiction and stellar historical intercepts. Only a matter of time, IMO.
Kinross has all the can slim traits. Its also in a confirmed uptrend and has a low pricepoint. Its easier to double a $8 stock than a $29 stock(like Barrick Gold).
Took position at .16 on this pullback to trend line. Good chance of a bounce. News from sampling program pending. Today's selloff is likely related to pullback in silver/gold.
GBR has seen a parabolic 3000% gain & more since 2018, very odd considering Gold is only up approximately 70% in a similar time frame. I guess gold miners & gold don't necessarily correlate 100%. GBR appears to be trading in a descending channel, and on the RSI there's a noticeable double top / Head & Shoulders, where I have placed the blue human icon represents...
Gold hit $2,000 an ounce on Tuesday, a milestone that caps a record-breaking rally driven by depressed bond yields and fears over the impact of Covid-19 on the global economy. People tend to hold and buy gold in times of uncertainty just like during the financial crisis which peaked at 2011. The reason is because gold is view as a safe haven because as the world’s...
Great time to lock in profits
Please share with me your thoughts
I Personally don't believe the price of Gold is linked to inflation or the recession. However, you might. So let's see if this reasoning holds up to scrutiny. Let's see if selling at 2k makes sense. Boomer Logic: It happened in the past, there was a recession and then the price of Gold spiked to 2k and then it crashed, so it will happen again. Skeptic:...
This stock is really a hidden gem. Please provide feedback, and challenge my thought process. I have researched this topic and this company extensively.
Gold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week...
As we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch...