On the 15-minute chart with a volume profile overlaid, XAUUSD broke down from
a head and shoulders pattern and trended down into a double bottom.
Stop Loss and 2 targets are labeled on the char along with supply and demand zones.
I see this as a long swing to take on the forex market with using some leverage
in conjunction with risk management in the...
See the 4H chart for details. The analysts to not have great ratings but I have learned to
respect chart patterns The falling wedge here is expectant for a bullish breakout upwards.
Earnings are coming and a good report is expected with fixed costs and rising gold and silver
prices. This is the timely catalyst for a trade but not an investment. The penny...
This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year.
The stochastic RSI indicator has been adapted to the long chart period.
Over the current YTD the handle has formed and price is headng to the top of the cup
where an uptrend should extend to the same additional upside as the cup height.
This would equate to a price of...
On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.
A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.
I see the potential for a significant gain of the ETF and its call options over about six months.
See also my idea on XAUUSD / Spot Gold for a more...
As shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated...
I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets
Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties.
Gold...
I think with all the turmoil gold is the safest bet. typically gold sky rockets in times of war. We are floating somewhere close to fair value. JNUG typically is hard to trade because they will do stock splits and the price changes. I remember Jnug was at 6$ just a few years ago. So just remember the price of this stock means nothing. essentially if you trading...
Still no change in view, NEM went lower than expected but appears to still have long term support in place and resistance around $53 range. We should see a retracement back to $63.68 .5 fibonacci range in coming weeks/ months. Copper and Gold miners are way oversold and been taken out to the woodshed with an artificially inflated dollar on the backs of $33...
AMEX:JNUG
This chart analysis would serve as a guide to a swing trader or investor
seeking or continuing trades in the 3x gold EFTs JNUG and JDST.
Bu setting up the ratio between the two over time, pivot points
can serve as a reference to buy one and sell the other or initial
position.
The chart shows the JNUG price for May 2022, April 2021 and August...
notice the 2 previous bearish cypher patterns. The 1st pattern of the (X) leg appears to be acting as support. I'm looking for gold to get above the 2nd bearish cypher pattern, and Test its X leg for support. If it hold then Im looking for gold to breakout again above $1800 and retest $1840-$1850 area
The AD earlier this morning showed me an ascending triangle to...
HEADER - This is my answer for gold's curious price action since 1800.
SUMMARY - Short around 1780, preferably AFTER 8/22. Cover around 1550, preferably BEFORE 9/16.
DETAILS - This move is all technical So even though I forecast this with demographics thesis, I would make the same forecast based on regressions alone. GC late September puts is what I am...
JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however,...
looking on the 1hr and doing an elliott wave count, I see one more possible retest to 2040 from the bull flag c wave up
both bull and bear. I would look to reshort from this point
In this setup, we're seeing:
1. Huge stopping volume
2. Bullish divergence on RSI / MACd
3. Retrace of key Golden Ratio levels
4. Inflation
I'm not looking at any fundamentals, this is purely a technical setup.
Good luck.
There is a wolfe wave setup on the Daily time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx $75 which is expected to reach this price target within 12 days.
Setup is the same in both JNUG and GDXJ ---
Inflation fears and BTC being a crazy eyed old man --
Run to the GOLD play, as leveraged as you can get (unless you like GC, mwhahaha).
Enter Anywhere in that green box with stop just below.
10R worth the 50/50 shot
After loosing 21, 34 and 200 EMA on D(aily) and 2D(daily) charts a more bearish downtrend has been confirmed. Althoug I expect shorterm bounce, making a higher low and fiddling around and above 200 EMA on 2D chart (we could be rangebound for a while), I do see a high probability of loosing ground and heading down to 200 EMA on weekly and having a deep dive...
