$jnug $nugt $dust $gdxj Gold miners threaten Breakout
This last chart, a Monthly price chart, illustrating the Pennant/Flag formation in Gold should be the clearest example we can provide that Gold will soon break out to the upside and rally extensively higher if our research and analysis are correct. The momentum that has built up over the past 2+ years, as well as the global demand for Gold by central banks and by...
Weekly chart looks promising. The MA of 50 and 200 weeks have crossed for first time since 2005 (beginning of my chart) and they are heading away from each other a little less than 30 degrees. Could turn into a failed reversal, but something to keep an eye on. If this an upward trend starting it could be a steep climb up the chart. Who knows with precious metals...
This morning AMEX:GLD , the U.S. ETF representing the price of Gold, is breaking out of two separate patterns to the upside, indicating both a trend change and a breakout reversal. First, GLD is breaking the downtrend line from the gold bear market that begin in late-2011. This indicates a trend change. Second, GLD is breaking out of a triangle pattern than has...
Excellent retest of prior break out! First target $12.90. Accumulation phase. Will add on deep weakness if able.
Accumulating at retest of break out. $12 has been powerful support/resistance for sometime.
Bullish triangle pattern forming for gold $GLD $GDX $IAU
The IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside. If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll...
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
I'm watching to see gold fall to at least 1140. See chart notes.
Explanation is in the chart. Idea is to watch out for GOLD to breakout (RSI) then monitor and manage.