I am expecting gold to move into its final drop and possibly bottom in February. Then we should get a very strong move up similar to the 2016 run. I do not see the start of the bull gold market. Just a large strong C wave up to above $1400. And miners should also make a similar move as the 2016 run. GL
Sell on FED news. will dip little then go back up to 22+ soon. Buy that dip.
Nugt is a 3x . your starting to see GDX setup. this is a nice bottom booty bounce setup here over the break of this trendline stops would be at 9ema on daily chart. STill needs to setup intraday looking for break and then dip
: sideways on the monthly very long term breakout over 1375 (above 2yr high: Aug 2016) holding leaps C's for now $GDX $NUGT $ABX $$GDXJ $URA (gold+uranium)
GOLD / GLD looking like a fantastic medium term play if we can continue to hold above 1220/oz. Looking for the 1236 breakout.
Bullish gold, Flag on daily chart. Fib level .238 $1225, Possible US vs Saudi arabia tensions. QQQ and SPY barely holding 200 DMA. FOMC Nov 7-8
In relation to all my predictions, I believe people will panic buy JNUG as a reaction to -13% drop we might have on Monday, Oct. 15th. In my opinion and not financial advice, I would sell it and go JDST after taking profits at the ~48.9% pop.
Well I havnt done gold for a while now but it appears to me that a nice setup to go long is presenting itself. This ICL has been stretched but that just makes me more confident that I have a safe Jnug play here. I am not about to try to guess what kind of wave count we are in. However, If we have started our move down into the larger C wave then this move up...
NUGT is ready to go up in a C correction wave as it is finding support around 1330. We can aim for an entry at that level and a TP around the 50-61% retracement. For details on GOLD, refer to my previous idea, it is very detailed.
$gld $nugt $dust $gdx $gdxj $jdst $jnug $dxy Strictly based on technicals, gold has a lot of room here over the next few months
I see the signs of capitulation in the PM minder markets. $Nugt could go up 80% like previous time, with a target of around $24. However, I'm aware we haven't seen real capitulation yet, but from a technical perspective, things looks quite safe to go long.
long set up here as it hits a multi month support. Would get bullish over 22 with increase in weekly volume $GDX $GDXJ $NUGT $DUST $GLD
largest volume on gold -0.32% etf reminds me of btc 1.09% at 4k super move in plus bull divergence
Spent a silly amount of time on this. Every Combo pattern seemed off until I came across this one. Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one. There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put...
As always, I try to keep the larger picture in mind. This is a very interesting overview.
The timing on the GOLD chart XAUUSD is certainly right for a major reversal. Could happen any day, when it does, it will be very rewarding. JNUG and NUGT should really run higher.
Here's my 2 cents on the miners. Based on the last 7 months or so, it looks like we had 2 cycles and are currently in a 3rd. They range about 109-137 days. In each of these waves you can see three minor waves. If we are currently in the 3rd wave of the 3rd cycle then I would expect it to be LT and drop fairly soon. It shouldn't take out the highs of April unless...