I'm thinking that pullback (blue arrow) was either a 1/2 cycle low or the end of the 1st DC. If its the 1/2 cycle low we should move higher towards $1390 as the top. If its the later we are on day 2 of the 2nd DC. The first DC was 34 days long which is right in line with the previous cycles. If I am right we should blow past the previous high at $1348 easily. If...
In my last post I mentioned that JNUG performs better when it closes above the Hull Moving Average . Today it moved decisively above the Hull, which I'd usually take as a bullish indicator. However, on this occasion, I don't trust it. The price of gold tends to move opposite the market. The market is down today for reasons of seasonality . Today (June 12) is...
XAUUSD New High for 2019... Let's get this party in high gear!!!
Think the chart says it all - a very important level of support here on the jse gold miners index. Also a 61.8 retracement of Nov/Dec low & Feb High. Perhaps a very decent area to accumulate gold miners once more. Ties in nicely with gold spot price breaking out its wedge #Bullish - #anglogold #sibanyegold #harmonygold #goldfields
Double-top, gold smash coming up. Sell calls or buy puts... $JNUG $JDST $DUST $NUGT $GLD $SLV $UGLD $USLV $GDX $GDXJ
Get Ready for New 5 Year Highs in Gold Prices/Miner Upgrades
Welcome back guys, sorry for disappearing for a while, I’ll be post more frequently after June! But in the mean time… here’s what I’m looking at right now. First, let’s acknowledge that trading gold miners have been pretty boring lately given the tight range it’s been stuck in. That’s why I was primarily day trading for the past month to avoid taking overnight...
The right shoulder is tracing out a higher low, and a higher low than the left shoulder. Stochastics also showed the consolidation on high pattern and stayed embedded. Once 1340 breaks, then onto 1550 area.
Gold Miners XAU Index is dirt cheap and free for all... just ask Bernie
Money Leaves Markets & Jumps into Gold Miners & Crypto
FREE DIVIDENDS - XAU INDEX CLOSES 86.5% HIGHER THAN NOW!!!
If XAU pops to 100, it's a 47% gain, 200 a 200% gain
TIME TO START LOADING UP ON GOLD MINERS
XAUUSD is forming the right shoulder of a H&S pattern. Sell the breakout. Cheers!
We are getting closer and closer to an important buying opportunity in gold miners. Though yesterday we almost tagged the 200 SMA and bounced I still don't see that buying opportunity what i like to see at the gold miners bottom. At the beginning of today's trading we broke above yesterday's high which is usually a buy signal but after a few hours of trading we...
This is a continued trade based on my previous post. This was posted on my blog yesterday night We have a big week ahead of us with potential updates on several important political event, along with some important economic data being released throughout the week. The news that we should keep our eyes on are updates on the trade deal, and vote outcomes of the...
Although the Precious Metals Miners are a bit of a mixed bag, there are a couple of interesting stocks for an aggressive long setup. One of the opportunities is New Gold (NGD). Strong bullish divergence in combination with sector outperformance (near-term) suggests a fierce recovery move is getting under way. A bounce well into the CLoud resistance is the least...