Gold almost hit the first target in the quarterly timeframe here. If it doesn't go back under this quarter's open it may keep rallying. Upside target #1 is not far, 1615.28, but it could go higher until Q2 2021 at least, reaching prices between 2094 and 2714. The technical pattern that formed while #Gold was under accumulation is called an 'explosion pattern'....
Miners have potential to be one of top players this year, and today I am looking at chart of NYSE:IAG . Stock reached perfect targets within wave 2 corrrection based on fibo levels, and price also created bullish engulfing candle yesterday . At the same time, price may also be forming bottom within right shoulder in inverted H&S. Looks promising for low risk entry buy
Bull #1: Break out of 6 month down trend channel confirmed. Bull #2: Inverted H&S extension, with volume increasing from the price bottom. Bear signal: Bounce off the 200MA, we are still in death cross zone. Miner war fundamental facts: Difficulty is going parabolic, which means machines are being sold and installed. Miner revenue will be cut in half after...
Nice bull volume on the recent rise in share price, suggesting to greater upside. Keeping the analysis simple. Increased bull volume Decrease bear volume on pullback following upside move Fib ratios align with recent levels of resistance, now to be validated as support RSI suggests a near term cool off, potentially right into the entry targets of target 1.05 -...
Assore Ltd was in a solid downtrend for the best part of the 2nd half of 2019, dropping from a high of just over R400 down to a low of R215. However, towards the end of 2019 we saw the stock break the downtrend line (DTL) and start to trade above the 50 dma (blue line) which was the first clue that the stock was turning the corner. During December, the stock then...
Trust us We will sell Gold from 1535-1543 Sl: 4hrs candle closing over the 1537.7 or 1 hr closing over 1544 Tp: 1420.8 We bought gold since 1446 and we have been advised you to buy that time and we have targeted 1524-1546 And we did it together. Now be with us in this trade...
both scripts point down after 1 month of successful long and short calls. to learn more about using the scripts head to tradingscripts.best
Good evening everyone. I hope you all are having a lovely Christmas season, prepping for a new year of continuing your pursuit of your goals and ambitions. Make sure during this time you look at investments with objectivity, removing any new year hype that may come along with this time of year. I looked at silvercrest metals about a year ago with quite a bit of...
DO WE GET ANOTHER DOT? All I can say is that if we get the opportunity to buy the dot that would be crazy. The dot appeared 4 times in the history of BTC. Every time it was a sign that THE BOTTOM of a large recession is near. Now it is very likely that we won't be able to buy the dot. Why? Well, they only appeared at the bottom of the big...
The bear market of spot Uranium has dragged down the price of the subsequent uranium miner stocks, including UUUU . This stock in particular experienced a very steep mark down period during the time of the Fukushima reactor meltdown. This event left a bad taste in the mouth and as a result, many stepped away from using nuclear energy to the same extent to meet...
Bitfinex longs at ATH level and keep climbing. -What happened before at bear market 2018? (Number 1 Situation) When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them. After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from...
The economic news this week is pretty much all bad, with payroll data, manufacturing data, and non-manufacturing data all showing a broad slowdown across the whole economy. The dollar is showing real weakness amidst the slowdown. Both the dollar's weakness and the return of fear to the economy should be good for gold. Here are the critical levels to watch in the...
2 possible counts. The green count seems more likely because I see 5 wave subdivisions within the larger waves. We just reached the 1:1 fib extension and if we can continue upwards through there, our chances improve that this trade continues upwards. Breakout will be confirmed if we reach $11.60
Simply a return to 2016 levels would net us a 350% return. Hyper-conservatively speaking, bare minimum, I see a 50-90% increase in AUMN in the near future. If AUMN experiences a crash near previous lows, I will be buying while others are selling.