Gold Spot / U.S. Dollar
Possible dopple bottom on good support with positive divergence on daily and weekly charts.
Higher hi's. Retraced .618. $10 in 2022.
Hello fellow traders, Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink). Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has...
I think the price will fluctuate between 3 and 4 cad dollars the next months. just boring consolidation at this point. when gold starts moving in about 2 months and finishes the year at 2100 this stock will go to 5-6 cad dollars. if gold cant manage to hold the supportline from march this stock will plunge down under 2 cad dollar. its about 60-40 in favor bull
fomc fed meeting today so gold may pop up. Lots of set ups like this.
Caution. I like the run but if you have stops to set, protect your profits
Nice recovery for @GoldMiningInc $GOLD.tsx with some predictably higher vol. Hit resistance at the 23.6 fib and upper channel, but trending up. A close above 1.33 should set up a run to 1.71 #gold $GC $GLD $GDX $GDXJ
just now GOLD ... no not Barrick.... this is Goldmining Inc. Formerly Brazil Resources which was hot as hell back in the last bull market. I added this baby last week. She's a rocket so i cant say where to get in, but she looks ready to rock. www.goldmining.com