I think with all the turmoil gold is the safest bet. typically gold sky rockets in times of war. We are floating somewhere close to fair value. JNUG typically is hard to trade because they will do stock splits and the price changes. I remember Jnug was at 6$ just a few years ago. So just remember the price of this stock means nothing. essentially if you trading...
This chart analysis would serve as a guide to a swing trader or investor
seeking or continuing trades in the 3x gold EFTs JNUG and JDST.
Bu setting up the ratio between the two over time, pivot points
can serve as a reference to buy one and sell the other or initial
The chart shows the JNUG price for May 2022, April 2021 and August...
All i can say is keep adding to position gold os going to go well over $2k in the years to come and here we can go long at the 100ma trendline. BTC is not the same leverage as gold don't listen to that please. Kingdoms were built off gold if things go sour we got us a real deal commodity again.
Me personally would keep adding to position on these dips and playing credit spreads to add to position on the downside right now it's noticeably clear the market is reacting daily and will continue to see gold rise in general. Also bitcoin is not a subtle antic to use like gold or silver so all those post about BTC or Gold are kinda foolsih...
Been on this like a hawk past month or so kept holding above trend and we got a huge breakout, looking for a small retest to the current green level and then a bigger breakout. Target is looking to be a $102 or so ;).... I would stay bullish on oil and gold and continually add to these dips gold seems like it's going to be back in the game till about 2026.
JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however,...
I suggest adding all the gold dips you can, alexander Karp went all in on the actual source lol buying tons of reserve for pltr and well hes a very smart man who sits at several trading table like air bnb and makes decisions for a lot of company's behind the scenes. gold is going to retrace all-time highs and surpass it by 2023.
Made a traditionals investment into JNUG - junior gold miners, at $61.
Gold next leg up is coming right now.
Only thing that could stop this thing is a black swan. If Russia gets pushed into war by the NATO, they could potentially sell some reserves to raise cash; other than that, I see no other outcomes where gold can possibly go down from here.
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
As the market starts to roll over, investors will begin to turn their attention to "safe havens". I've been following GLD for the last few days and it appears to be forming a "cup and handle" pattern. As money moves out of equities, I am starting to go long on other asset classes. I see JNUG as being a big benefactor during this transition out of equities. JNUG...
There is a wolfe wave setup on the Daily time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx $75 which is expected to reach this price target within 12 days.
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments.
Reasons for going long is the price is likely to go up, so by going long I am likely to make a profit because I will be able to sell it for more than what I bought it when I close the position that I longed.
Relatively new to TA so would appreciate any constructive feedback/correction but go easy on me as I'm still learning.
Possible swing for JNUG in the near future.
-RSI oversold territory
-MACD divergence coming soon
-Below 50 and 200 MA
-Still in downward channel
-Gold is up-trending
Mainly positing to get feedback about the double bottoms. If anyone wants to...