Usually wouldn't even waste my time on a chart this ugly, but it was a toss up between posting the failed breakout of $DXY vs a legitimate contrarian play if you like buying at the very bottom. If the drawings look a little too extra - they're not. I've seen this pattern on a regular basis when I was either too quick on a jump to short (but ripped my hair out...
$RGLD $GLD $GDX #gold #miners #trading $DXY
These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use...
$RGLD is a royalty company that invests, acquires and manage precious metals royalties and streams. The very strong technical chart suggests it's an ideal play to capture upside in gold while keeping risk low.
Their margins are typically much larger than explorers and producers, which allows them to thrive even during gold bear markets, which explains the...
RGLD seems like a "good enough" option should the market enter a correction and Gold push higher.
Not my typical trade as i don't like the disharmony of the stock being traded in two markets which affect it differently, but an idea based on large markets often provide suprising results, should you choose to participate manage your risk and good luck.
I have recently published a series of bullish articles about-XME.
RGLD-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the precious metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong...
#RGLD - ROYAL GOLD INC - BULL FLAG - NASDAQ
WITH THE STREAMING / ROYAL STOCKS DOING SO WELL THOUGHT I WOULD SHARE THIS WHICH TO ME LOOKS LIKE A GOOD FLAG WITH STRONG SIGNALS FROM THE BB'S AND ICHIMOKU IT COULD BE READY TO BREAK