Shorting GDXJ from $37.17 with a target of $27.86 to $30.00. --------------- I believe that with markets potential to fall we will likely see another round of weakness, even if briefly, for the miners and gold in general. The potential for more profit taking or selling for margin have been greatly increased with the rapid rise in GDXJ over the past week and with...
Price has broken our trend line and touched a strong area of support around 1680s. We will be looking for sell entries only if price breaks and hold below 1680s. If price holds the current area, we can expect price pushing back to 1730s
Potential bear trap in the way the Fibonacci line has a very tight price range between Fibonacci lines. Leaving support resistance zones kinda indistinguishable Risky buy
$gdx $gdxj $nugt $jnug $jdst $dust $slv $gld I'm bullish on hard assets- watching for possible leg down. A higher high will invalidate this.
It's been a crazy two months all around. COVID-19 infected my trading for sure. Or maybe I forgot to pay attention to the Fed. But the swing in gold and gold equity in 2020 has got to be without precedent. On the bright side, I believe this is the vaccine for that. This is part 5, and the ending to my GOLD CRASH SERIES. In this chat, I used XAUUSD from...
Cycles analysis indicates one more major deflationary move to occur. A selloff approaching for XAUUSD down to support levels near 1380, as well as a retest lower for gold miners. To be followed by a longer term major buy setup for gold. Let's remain objective and not get too excited just yet!!
Hello again. If you have been following, this is part 4 in my GC analysis. My proprietary Infinite Volume Oscillator (IVO) found huge volume discrepancies by looking at the next front contract GC2! as opposed to GC1! and XAUUSD by OANDA or ICE. This is what it is showing next. Again, I will write continuous updates as we go.
Waiting for the fifth wave down to be complete. Gold miners are uncertain - acting more like stocks. Short here. Everything in life is a gamble. -Kendrick Lamar
If it brakes the MA 180 days then we can think about rebuying the pull back.
This is my third article. I am a gold trader and write only about GC. If you've been following, I began with a gold crash in my first article. It played out with, but not before hitting a higher high. Considering the situation and the fundamentals, I had believed 1550 would hold for a massive reverse up in PART 2. I hedged that saying if 1550 broke, it...
I believe the miners are undervalued and stand to do well moving forward. Gold and silver have shown their stability through history and remain solid in my opinion. I see a lot of potential in the miners. (renko blocks are not playable so I'l have to post updates below)
I am busy right now. So I will just put this up and work on this more later. But this is basically a coNtinuation from my last piece, with a changed thesis.
miners have re-entered my "I'm interested" zone. I think 2020-2021 has very good things ahead for the miners and the things they mine exciting $nugt $dust $gdx $gdxj $jnug $jdst sorry for the ugly chart
it it stays there in this line boxed for a while I don't mind at all go long in between the lines
Sure looks like a break out to me. Pick up some JDST as gold and miners drop into the next ICL.
Consolidation complete. IHS and bull flag suggesting another leg up. Targeting 17+. Would love to see test of last month's highs above 18. Gold looks like ready for a 1450 test, possibly even as low as 1413.