reason for the entry : 3rd touch, TL break and retest, and 200 EMA
KL respects the 50 crossing 20 ma. Bot directions. What i mean by that is if it crosses north , You most always have a Short term bull run, and like wise headed south followed buy a bear trend. Using the cross for where to gage my stop. Usually 2 ATR above.
GDX is an etf of senior gold miners. The golden cross (50 ma crossing above 200 ma) has occurred and has formed a flag on daily. The next fomc is not until june 15th, so we may chop here or pull back, depending on economic data.
KL - One of the top five gold miners in the world. Closed above the 200 MA few days ago and has formed a bullish flag. Also, possible golden cross soon (50 ma crosses above 200 ma). I like KL, NEM, GOLD as money flows out from crypto and back into inflation hedges. Cheers
We have reached the target of the fib .382 from the 2016 bottom We have also reached the .618 of the fib from the march bottom
- Very strong support on KL, same as XAUUSD - Bullish RSI and MACD - Low-risk great reward with present conditions of the markets
Expecting bounce from extremely oversold weekly and daily levels.
Golden fractal says it all It is at a couple nice trend lines and the 200dma though 🤣
Looking to place some longs on KL as this stock is setting up for a wave (v) increase into the 70-71 range.
Folks, we hate to burst the bubble but... Has anyone looked at the charts of the GOLD and SILVER stocks? RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about. To top this argument off, the big companies like GOLD and NEM are...
Quick idea about best performer in Gold mining sector. I looks like it is building Wyckoff distribution pattern. It is too early to be 100% sure BUT be cautious and take profit or hedge. Short scapling also very good here. I also just published supporting Gold idea. Good luck!
This stock pulled back after a nice ER surprise. It has been on a nice run outperforming the SPX by a good margin even before the ER. Looking at a swing trade as it heads towards top of channel in a few weeks. Taking partial profits in $36 range. Edit: I see it is hard to see the price levels when the SPX compare is turned on. Key support levels drawn are: green...
ABX looks really good at current levels especially with the market corruption taking place. Right now, Daily and Weekly Charts look good. Although we are not happy with the stock price action of late, we still think 2019 will be a record year for ABX. The Randgold merger was approved and announced today. After the positive news on the merger, ABX then released...
Wait for potential right shoulder to complete. The neckline is shown in chart. Once that breaks, TP @ ~12