plan to lose 100% of your money, since its JNUG calls but if it wins, it should pay a couple multiples.
I think with all the turmoil gold is the safest bet. typically gold sky rockets in times of war. We are floating somewhere close to fair value. JNUG typically is hard to trade because they will do stock splits and the price changes. I remember Jnug was at 6$ just a few years ago. So just remember the price of this stock means nothing. essentially if you trading...
Still no change in view, NEM went lower than expected but appears to still have long term support in place and resistance around $53 range. We should see a retracement back to $63.68 .5 fibonacci range in coming weeks/ months. Copper and Gold miners are way oversold and been taken out to the woodshed with an artificially inflated dollar on the backs of $33...
AMEX:JNUG This chart analysis would serve as a guide to a swing trader or investor seeking or continuing trades in the 3x gold EFTs JNUG and JDST. Bu setting up the ratio between the two over time, pivot points can serve as a reference to buy one and sell the other or initial position. The chart shows the JNUG price for May 2022, April 2021 and August...
notice the 2 previous bearish cypher patterns. The 1st pattern of the (X) leg appears to be acting as support. I'm looking for gold to get above the 2nd bearish cypher pattern, and Test its X leg for support. If it hold then Im looking for gold to breakout again above $1800 and retest $1840-$1850 area The AD earlier this morning showed me an ascending triangle to...
JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however,...
looking on the 1hr and doing an elliott wave count, I see one more possible retest to 2040 from the bull flag c wave up both bull and bear. I would look to reshort from this point
In this setup, we're seeing: 1. Huge stopping volume 2. Bullish divergence on RSI / MACd 3. Retrace of key Golden Ratio levels 4. Inflation I'm not looking at any fundamentals, this is purely a technical setup. Good luck.
There is a wolfe wave setup on the Daily time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx $75 which is expected to reach this price target within 12 days.
Setup is the same in both JNUG and GDXJ --- Inflation fears and BTC being a crazy eyed old man -- Run to the GOLD play, as leveraged as you can get (unless you like GC, mwhahaha). Enter Anywhere in that green box with stop just below. 10R worth the 50/50 shot
After loosing 21, 34 and 200 EMA on D(aily) and 2D(daily) charts a more bearish downtrend has been confirmed. Althoug I expect shorterm bounce, making a higher low and fiddling around and above 200 EMA on 2D chart (we could be rangebound for a while), I do see a high probability of loosing ground and heading down to 200 EMA on weekly and having a deep dive...
The metals have been stuck in a range for quite a while. Gold Miners ETF (GDX) appears to have made 5 waves up since the crash in 2020 and formed an ongoing complex correction. What do you think? Has GDX bottomed? Take note of the lower stoch/rsi wavetrend indicator and the broadening nature that has occurred since this correction. This looks like a hidden...
I think gold is not getting enough volume to go higher despite of the pull back into the channel.
Gold is setting up for a short, look for rally to sell into. Rsi is about to hit 80-90. yellow zone for long entry.
This is a quarterly breakout - find me a chart that looks like this.... My view on silver long term: Junior miners about to breakout: Silver long is my largest holding
Hello everyone, So Gold is finally back in a buy/accumulation zone, even though DXY may have more room to run I doubt this will translate in to heavy downside for gold. 1650 maybe? However, the stars look alligned once again to buy gold, or in this case GDX (Gold miners ETF). You can see the trade parameters in the chart. But this is definetely an opportunity...
We have also retraced 50% from the march lows to the top