$GDX Looks to me like it is going through a 2 and half week to 3 week consolation cycle before continuing its rally, that started with a breakout and subsequent bull market end of January, start of February. (Which was right about when I got into trading more seriously.) I am unsure of which way to go here. This Brexit thing has been an incredible learning curve...
XAUUSD has completed WXY and now is up for wave. Correction is not over yet as I expect another WXY after this retrace.
XAUUSD has been in a bear market since it reached 1920.80. The bear cycle has the pattern WXY which it already finished wave W by reaching 1046.23. Luckily I didn't witness that period, I would had thought XAUUSD was going to moon before it collapsed :-\ XAUUSD is in X wave now, in a minor degree x which I set three targets for it as shown in the chart. Best Wishes
DXY just ended its bear cycle taking the shape of a running flat pattern.
It continues to look like it has nowhere to go but down. We'll see.
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GDX has traced a nice accumulation pattern, after the monthly downtrend expired in September 2015. It's currently confirming a time at mode uptrend which aims for two possible targets, 23.21 and 30.67. Considering the monthly downtrend mode resistance sits at 23.89, the first target seems way more likely to get hit. I'm long from a discretionary entry I took a...
The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines for a place to jump in.
Watch the lines for a place to jump in.
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) My target area Short Term is 25-28: - We have the 23% fib retracement from our move down from our All Time Highs in 2011. - Weekly 200 ma - Solid price action (horizontal black lines) -...
GDX has an Ascending Broadening Wedge Reversal pattern and awaiting breakout.