Spot gold has held a good base and worked its way higher recently to break the downtrend from around 2067. With price action showing some good signs for a new leg up, i think it is a good idea to keep an eye on your favourite Gold Stocks.
Check out the video for my Gold Price Action Analysis and where I think the precious metal is going along with the key levels to watch.
Gold long term is very bullish as most people are failing to realize just how little $ is in precious metals on a global level, I believe precious metals atm are currently dirt cheap and low cost tier 1 producers will be massive beneficiaries of higher prices in the future. I think the time has come to be greedy on precious metals with a long term view of at least...
GOR has pulled back as expected and a good buying opportunity may be coming up again. The current pull back is expected to get exhausted and I expect price to turn bullish as this is the 61.8% Fibonacci zone. Any bullish price action at the current zone may be an opportunity to take a long position targeting the recent highs. My initial target would be $1.500, the...
Weekly shows the bounce off the confluence of fibs levels (61.8% & 78.6%) that are considered deep retracement levels. RSI has turned up. Daily shows that a break above the $1.27 zone will be bullish. Be patient
GOR on the weekly chart has certainly found good support on the Trendline and 200 Weeks SMA, with High Volume and Weekly MACD Cross. This makes me bullish GOZ and I expect price to move higher and reach the next Resistance level. My Trade Plan is given below:
TP - $1.400
Stoploss - $1.00
Please note these are my own notes, by no means trading advice. Please do...
GOR is emerging from a multi-month consolidation down trend, as indicated on the Daily and Weekly Timeframes. This is lining up with the rising Gold Price, which is testing 1900 levels and appears ready for the new leg up. Gold producers follow the movement of the gold price.
Key Points:
- GOR has long life mines and is de-risked
- GOR has the potential to be a...
$GOR - This is the weekly chart showing a completed inverted H&S pattern. RSI at 63 is under control with bullish potential. Disc - Holding this stock. Been in & out a few times but IMHO has great potential. Watch for results
GOR is trying to break ATH. For me, the gap till the ATH breakout is still good.
Reason for buying:
Good RSI level.
Confluence of DB50 breakout + MA20 + PD breakout.
TP: Near ATH resistance @1.770
SL: Near DB50 which is also a strong resistance/support @1.655
GOR on the daily has pull back to it's support level of .945 and bounce of the 20 EMA, also it's near the 0.382 Fib level with last candle being a bullish candle. Looking to the upside to $1 with this stock.
Couldn't find anything that I like this morning, but the ASX should be opening higher this morning due to oversees market. Looking for a short with this stock just due to TA, the last candle stick is a bear spinning top and its just outside the BB. Also all EMA are all in uptrend with the MACD as well on the daily and the weekly, so looking for a pull back to...
