BUYING IN DIPS
ocillator projections, late May low predicted in march looks correct now, so rally into late summer should unfold now.
Lower resistance levels are holding. 1 year moving averages are about to cross. With a continued downtrend in the major indexes, nugget should be on track for gains the next month.
And one more idea for the extreme sport lovers. If you want to trade GDX but the normal leverage is not enough this is the adrenalin you need. NUGT printed 1000% gains in 2015-2016. Every intermediate bottom in the miners is a new chance to make great gains here again.
Will bounce off this fib level to price marked. Must play for me. gl
Precious Metals, Gold & Silver, should begin an upswing over the next 20~50 days with an almost immediate upside move to above $1350 for Gold happening within the next 30 days. Silver will follow this move about 10 to 30 days after gold. The upside potential for this move in Gold is incredible. Likely targeting $1450 before mid-June and well above $1550 by...
-------------------------------------------------1hr Fill the gap at 16.10$ for long Buy set up! -------------------------------------------- Text cup and handle completing... --------------------- Gold 1D 50MA has just crossed over the 200MA, and now will retest\close and escape! On the 1W cup and handle detected, looks to be going for curl! long...
NUGT looks to be at the bottom. MACD on 4 hour is about to cross over to signal an uptrend. Would match RSI and Stoch RSI path
Build a gold mine. I can see this going in a year time. Will initiate long calls on Monday.
While the rally in gold miners is intact, gold miners is likely to make a significant move down in the immediate future. This affects $GDX, $NUGT, and $GDXJ. The print of the doji is pending a selloff confirmation tomorrow to start the move, which coincides with the Fibonacci time series analysis to project a move lower. Traders banking on support being held at...
I think NUGT up briefly to 21 next week, for a nice head N shoulders, then Gold down to 1200.
Decided to put some Golden Charts out here for you tonight and what better way than with NUGT right on the line wow! ready to go long or short with this set up based on which line she crosses.