The 30-35k area was strong support. As shown by this Sine Line, we can expect a higher price by summer. Keep it simple and be patient! Cheers!
Goldfinch is a groundbreaking DEFI lending company which offers great returns. This chart is at a crucial decision point. The risk/reward looks great here for a bounce within the next few days.
After a significant pullback in gold stocks, there are some good signs of strength with Gold Fields one of the strongest and above its yearly pivot point. On the pullback, buyers stepped in below R150 of GFI. Price has pushed out of the trading range formed after the pullback with some significant bars. Other gold stocks are showing similar signs. With these...
We have reached the target of the fib .382 from the 2016 bottom We have also reached the .618 of the fib from the march bottom
GDX - Miners are Ready to Rock and Roll Keeping this short and simple Daily/Weekly Set-up Entry on Pre-market Gap-up or 32.25 double bottom if we drop (which i doubt) 1st Target = 38 2nd Target = 42 Hodl target = 45+ ______________________________________________________________________________________________________________________ This content is for...
Expect a bounce. We have some confluence -bottom of the primary trend line -.786 fib retracement -200DMA -RSI 20 (during the last 2 years, every time we got this low, there was a considerable bounce)
But its January. So watch out for breakout above trendlines...
I like 1935 target for the next 5 days. But watch out for 1905
-Daily 200 SMA/EMA -Bottom of primary trend channel -Fib 1.618 of lower Distribution (or Reaccumulation) phase -2012-2013 triple top (previous bull market top if you discount the initial blow off top) -Fib 1.272 extension of BC to AR Distribution (or Reaccumulation ) phase -Supply zone at ~1800 -Lowest 4Hr RSI since Aug-2018 (Wyckoff spring and start of current...
Lets see... If it rises to the top of the channel. That would give it a whopping P.E. of 14 Not bad considering earnings growth of 25%+ over the next 5 years Also nice dividends... Most of the miners should be bought on any and all dips...
Miners have bottomed for the quarter and have already started their next leg up
I think it will pop higher. If it pops lower, then look to buy at the 2019 trend, which is also the D100ma. The usual summer consolidation may end early this year (See DXY). This means that the bottom is already in. The next leg up has already started. However, the usual winter impulse move higher should still happen in late Nov or Dec.
GFI is find it hard to maintain momentum and R230 has found some heavy resistance. The other golds have dropped but GFI has held strong. Should we see a drop of R220 we could see a nice move down R200 and maybe even further.
Price is consolidating in range, good bounce off the 20 MA