The gold miners ETF just broke a big weekly resistance (since 2013) at 27.00 and its current price is now 28.72, what does it mean for Gold ?
As you can see, the price of this ETF broke a huge resistance, after a bullish pattern "Cup and handle", this is a big sign of a bull market for Gold !
Gold could breakout soon.
However, never forget that it might be a...
We can see on the COCOA daily chart a bullish pattern called "Cup and Handle", when this pattern is break up (with a big green candle and a big volume) there is a good long signal with an interesting RR ratio.
I will keep an eye on this chart !
We can see on this chart a big breakout (big green candle and big volume) after a strong consolidation between 2011 and 2020.
After the breakout EURNZD made a pull back around its recent breakout (around 1.7950). If a new bullish trend has started the price will bounce and go make new all time high (since 2010).
Good long opportunity : buy right now (small...
If SP500 break its pivot point (red line), after a consolidation and with a strong candle and a good volume, we can expect a rise in the next few weeks.
If this happen, Gold will no longer go up and will start to consolidate or to go down ;)