jdouglas020

jdouglas020 P

We have bottom out and the lows have held. Can expect a run on the upside over the nexts weeks. My stop is 948 Upside target will depend on the strength of the move 2020-2045

jdouglas020 P Updated 

Many of you call gold a old money item not worthy of attention. But gold has a reputation earned because every currency in the world prices gold. In times a stress, high inflation and wars- gold has been the item that central banks have used to protect themselves. I use the 5 year chart to demonstrate that we are in one of those times......... We have a war,...

jdouglas020 P Updated 

I look at this $ chart weakness since Biden took office. You only see weakness and I do not believe it is going to bounce. The $ market is taking a clue from Bidden politics and selling. Therefore we should be buying the Gold

jdouglas020 P Updated 

This chart depicts bearish concerns by the bond traders. They have been considered the smartest traders on the street for many decades. This chart pattern is undergoing a major test This chart eventually controls the direction of the stock market.

jdouglas020 P

The bond traders are the most accomplished on he street. This chart shows the blow off from news. It is important that we understand the if rate sink more this will but a huge pressure on all stock and upward push on gold. Please look at this chart and understand that a interest move much lower could cause a huge reaction

jdouglas020 P

I know a lot of traders are positioning themselves for price fall in gold! this is something to consider ......... The most important thing is to realize that the Fed's rate hikes are ending. "That is a huge psychological boost to get the gold price through $2,000 and the old $2,050 high The second thing to realize that inflation is not done. One driver that...

jdouglas020 P

Gold strength is difficult to explain without considering this following scenario! New this year was ......sanctions, removal from the SWIFT system, which happened to Russia, forex reserves frozen, or being limited in their use. Has created a new factor in the price of gold. Because this happen...... World Central banks began during the second half of last...

jdouglas020 P

The stock has dropped 32% during the last month. But untrend still in tact and today we mark the turn around to upside. This move should challenge the high within 3 months and move to $3 by year end.

jdouglas020 P Updated 

The chart display my called that gold was under accumulation on Oct 29 at 1680 At 1860 it now time for me to take some profits. Do not listen to the gloom and doom brokers posting about gold being a short. You should be closing all shorts on pull back and the next target is 1900

jdouglas020 P

All the noise about rates and inflation has been confusing to every long term investor. This S&P mini chart pattern developing is very Interesting. It has multiple defining patterns. #1 it is now in a down turn and must convincing break above the downturn line to turn bullish shown Or #2 If it bounces off downturn line and drops from here it would create a...

jdouglas020 P

A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. This bullish pattern...

jdouglas020 P Updated 

I have been waiting for the blow out at the bottom and this has some of those markings but it will take severals days to be sure.

jdouglas020 P Updated 

In my humble opinion the gold market looks like it is under accumulation. We have had multiple opportunities to make new lows but the sellers are not available to push the market down below prior lows. As expected, the blow-out CPI number triggered massive volatility. Such a terrible print might have put sustained pressure on asset prices in anticipation that...

jdouglas020 P Updated 

The trend is obvious the move tot he upside will take the price up $200 to challenge the 2020 high if we break out above 2045 we could see a run 2250. The chart perfect uptrend is intact. Go long here

jdouglas020 P Updated 

The price is generally in an established trend bullish for the time horizon represented by the moving average periods.

jdouglas020 P

I know many of us are looking for the right time to buy the bottom. But we must be honest and view the long term direction and not only the short term bounces. This market just confirm a downturn on the long term chart, not the hourly or daily but ALL history chart. You can not get more negative then this chart! The bounce will come but it will be a bounce...

jdouglas020 P Updated 

A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. This bullish pattern...

jdouglas020 P Updated 

This is classic Head and shoulders bottoming formation. Just completed break out and expect to see the stock double from here.