Looking for GDXJ to break above 60 for a potential bull breakout with a target around 90 Or, a breakdown to the 200 day moving average to 42 to 48. It's harder to predict this bottom because of the expected upcoming volatility, so buy orders spread throughout this lower range is a good strategy to catch some (if not all) of that bottoming activity before the great...
If SIL can hold above 44.5 the next few days, we could see a breakout to 66, 67 over the next few weeks. If not, it could drop as low as 40 before a bounce. That would not be surprising either as we're in a time of extra volatility likely for the next month. If it drops much below 40 I would get the hell out of all stocks.
I am wildly bullish on the miners and precious metals over the longer term but I suspect another corrective leg down. GDX has been forming a giant ascending wedge from 2013-2020 and just broke out of that pattern this year. The drop in March was just a small piece of that puzzle that flushed a lot of new & experienced traders out of the trade. I pointed out...
see full chart at www.tradingview.com FCX Entry $15 Target 1 $17 Target 2 $20 stoploss $13 Why? Why it is a buy? Stimulus bill #2 will eventually come out by 2021, Along with FOMC mentioning that they will allow inflation to run wild. what that means is that, the fundamental value of GOLD and other minerals will increase in price. While everyone is focus on...
Let's see if this is a valid buy signal here Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
been accumulating this 1 for months now, it looks ready to finally retest .19c
Here's an update to my original one year chart, as with SGN.V, there's a lot of tension brewing in junior miners and explorers. We should make a decisive move in the coming days. Today, Gold had a false breakout but is holding $1,950. Let's see what happens (with bated breath, of course!).
Support rising at each dump, res holding reliably. It's chilling rn at historical res possibly making a handle on a c&h. Also, volume much higher than previous cycles.
9.15.20 The DXY looks like a failed Bear Trap and is probably going lower...possibly into a bullish Gartley pattern. Whatever happens to the DXY, expect a reciprocal move in gold and silver. This is a difficult market because the dollar is in a fairly narrow range and narrow ranges create more difficulty with less opportunity and higher risk in relation to a...
If this company keeps making ASIC Miners and If this company gets its license for an exchange then They will send this to $50 by next year. Mind the gap at 4-5$ it could break down back there if one of their deals falls through
surprised to see GDX has such a huge divergence on the weekly chart dated back so long. if you see value in this analysis please give a like. thanks.
My kid's soccer practice got canceled this morning, so I thought I'd take another look at Scorpio Gold Corporation (my current favorite). The chart is showing some strong signals that are what I believe, signaling a meaningful move to the upside. My overarching thesis is Gold will hit $2400 by EOY. For extra torque, juniors will vastly outperform in a $2400 gold...
Looking for something like this. GDX looks to be firmly in a downtrend.
Triple top / head & shoulders, break of the trendline should send it to the PANacea green zone which is reputed to be an excellent elixir. Not a trade recommendation, but my personal observation
Long here with a few targets, Silver market extremely bullish which is pushing price higher here. Solid fundamentals DYOR
Just an observation, looks like a double top, could also be a continuation within the channel, seems over extended for now.
Previous resistance on June 8th, now became new support. A close below $23 is a sign of a fail of the short-term bull trend. Next support level is $20.