Here is a multi-timeframe fractal analysis for Gold priced in USD. Looks can be deceiving but it appears a head and shoulders pattern has formed signaling a short term price reversal in the yellow metal. This pattern has potential to set off a chain reaction of bearish chart patterns and downward price movement. Use stop loss as appropriate as these are...
Miners profits are looking strong. And that is with some mine shutdowns...
$gld $gdx $nugt $dust $jdst $jnug $gdxj $slv $sil I'm bullish on gold no matter what technical patterns are at play. This is an interesting pattern I've not spotted until the last few months. Looks like a legitimate ascending triangle and measured breakout. Will it break above and never look back or will it correct and land on top to test the triangle? ...
Gold price action in 2007-2008 shows how the 1980 all time high was broken. I've compressed the time scale, cause, lets face it, things are happening faster these days. I'll be looking for a wedge pattern...
It appears the path has been chosen. Bears may have a chance at the primary trend, but bulls look very very strong. A new all time high is in the cards for the summer season. Technically it should arrive in about 6 weeks. Sept 1st prediction AXUUSD 1900 GDX 52 GDXJ 66 XAGUSD this wild beast has broken free today. Who knows where he will fly to...
The next rung on the ladder is likely to be stepped on today...
current summer trend has hit the primary trend. The Primary trend usually wins. May be good time to take some profits.
Targets acquired from multiple instrument technical analyses. This trade is one you don't want to miss Something ominous lurks Beyond. X AMEX:GDXJ OANDA:XAUUSD AMEX:GLD AMEX:GLD AMEX:JNUG AMEX:GDX TVC:SPX TVC:DJI NASDAQ:QQQ AMEX:FNGU TVC:DXY
Time is nigh to choose a path. Which trend has more believers. Which trend will rule them all. You have 1 week to decide. Otherwise you will be forced...
We have 3 major trends that will collide next week. Should get to 1800 next week, then bounce off the primary wave for a healthy correction. But you never know with gold these days. Its quite bullish. If it breaks out of the primary wave, it will go exponential.
Gold's summer season is here and everything looks to be similar to 2011,2016, and 2019. Which means new highs all the way till September. Miners are already starting to benefit. GDXJ might need to close the month lower, but then its 52 to ???
Ok gold , ok... I get it already... buy when it touches the hot pink line... sheesh
Looks that way so far. (using log) I copied the chart from 95 to 2011 and pasted it such that the bowls match up. We might have 8000 gold by 2028.
Looks like we need to wait a day or so for the next leg up. New month on wed, or payrolls on Thursday may trigger it.
(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually) Greetings investors, traders, speculators, technicians. im looking to throw out another...
The Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion. Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback. Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4)...
Why the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But...