I am expecting gold to move into its final drop and possibly bottom in February. Then we should get a very strong move up similar to the 2016 run. I do not see the start of the bull gold market. Just a large strong C wave up to above $1400. And miners should also make a similar move as the 2016 run. GL
In relation to all my predictions, I believe people will panic buy JNUG as a reaction to -13% drop we might have on Monday, Oct. 15th. In my opinion and not financial advice, I would sell it and go JDST after taking profits at the ~48.9% pop.
Well I havnt done gold for a while now but it appears to me that a nice setup to go long is presenting itself. This ICL has been stretched but that just makes me more confident that I have a safe Jnug play here. I am not about to try to guess what kind of wave count we are in. However, If we have started our move down into the larger C wave then this move up...
Time to play JNUG. Till upper level gets hit.
20% Potential Good Deal Zone Green light on MacD 3-5 Day Swing Trade Support/Resistence: 70 / 91 Entry/Sell: 75.5/ 84 Stop Loss: 74
JDST Day Trade Potential Long term it is also looking like it's about to reverse back up 20% over the few days.
JDST is in entry zone, for the more conservative traders, enter when it starts to confirm an uptrend when the candles start to appear above the MA on the 1 hour or 4 hour charts
$gld $nugt $dust $gdx $gdxj $jdst $jnug $dxy Strictly based on technicals, gold has a lot of room here over the next few months
Spent a silly amount of time on this. Every Combo pattern seemed off until I came across this one. Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one. There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put...
Blue box will be deciding factor for Gold in long run. I don't think this recession Gold is going to go up, unless it breaks the trend. In the last 3 recessions (1990, 2001, 2008-9) only the 2001 recession saw a gold rise, and even that was not too impressive. On a longer time span, there have been only 4 instances in the last 100 years where gold rose prominently...
Just buy physical Silver here, and close your chart. Come back in 5 years and flip your silver to gold. Repeat that process by flipping back to gold once the ratio hits 80 again, I'snt it easy? You've just found yourself a trading strategy for the rest of your lives. You dont have to trade a lot to achieve the same returns as the actively managed funds out...
Just a little update to how I am currently seeing gold price behavior and the pattern that lies ahead. It makes sense. This next push should bring gold up to the $1400 range and then be the end of the large B wave. You know what comes next right!? The big C
Going to buy some puts. Looking for jobs as an analyst.
I find patterns in the canvas, it looks to me like it's going down a bit in the near future. It will likely bounce back to form the right shoulder as well. Short, Put... Good Luck Disclaimer: I am not qualified or associated in any financial profession. I just like this stuff.
Dollar support area, bull divergence, and possibly #6 of a broadening formation (megaphone). Will it be enough?
So we bottomed at $11.37. I was thinking somewhere between the $11.50 - $11.30 range. So that worked out well. But it appears to me that we only completed wave three down and still have to do wave 4 and 5. So wave 4 should top a little over the $14 dollar mark before dropping to a much lower low...(too early to call but maybe in the mid $8 range).
Here is the 1 hour chart for Jnug. We are in the 5th wave down.....but we are only in the mini 3rd wave of this 5th wave. I wouldn't be surprised if Jnug hits below the $11.50 range. GL