Contextual immersion trading strategy idea. Yamana Gold Inc. operates as a precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions in Canada, Brazil, Chile, and Argentina. The share price rose after good earnings. I see some preconditions the share price will continue growing. The demand...
Northern Star Resources broke out the triangle this week just like Gold. $GOLD This increases the chances of $NST heading higher and maybe make a new all-time high in the next week or month.
New multi-month support at $32. GDX needs to stay above $32 for the rally to resume.
The combination of a shooting star (on an upward trend) combined with a red volume, signals a short-term reversal.
A strong breakout with high volumes, above the red resistance, would fuel up and resume the current rally.
PureGold's first production of its under-construction Red-Lake mine is expected for late 2020. Jeff Clark, a famous precious metals analyst, often quotes that empirical studies suggest that there is a 90% probability of a 90% stock-return during a mine's last year of construction.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key insights. WPM had its 52 week high recently, is a relatively low cost gold stock compared to companies like RGLD, and is on track to potentially pass a $45 threshold which would be an all time high for the...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. I do expected Royal Gold to have a positive earnings call in the upcoming 5 days, and currently it already is on a bullish curve with many investors giving it buy ratings. This is why I am calling at least...
I have your upward expanding channel drawn. 1690 current support. 1735 current Resistance. I'm getting potential cross to downside on daily but we need to see how 1690 wants to hold. Gold has been doing very well but we need to play these all time high Resistance levels with due respect. We are hitting the top expanding wedge Resistance circled in red. I...
Green box: 23.94-24.81. You can't see it well here but the green box is right at the upper trend line support, in this chart here:
Look at my last chart and then look at this chart. No words needed just look at the chart. Technical breakout. Even if we only make it back to .2 on the ratio, 5-10x returns can be captured in the mining space. Think about that.
Gold on all timeframes is a bullish scenario, but we have to keep in mind that we are 8 years old all the time high. There is not enough physical gold - the gold derivatives markets may have the same situation as oil, only in the opposite direction. If shorts can't deliver the bullions required by futures contracts, expect huge volatility and panic in the market....
I expect this move to mirror the previous bull move that was seen after the period (in green boxes) leaving some room for gold to move up. Interesting comparison Does look like a bearish divergence on the MACD however
LIKE AND FOLLOW PLEASE IF YOU AGREE MY TRADE IDEA.
Gold has formed a bullflag on the 4Hour chart weeklychart looks nice aswell could be a nice buy
GOLD is looking for sell at 1641,When everybody is buying GOLD due to USD weak job data. we cannot ignore the overall USD STABILITY in this quarter of YEAR.Coming sell TARGETS will be 1620.And 2ND Target will be 1610.