gold has been on the topic of everyone's mind lately and the trendline is clear and it seems we got a break out soon, usually meaning some downside in the market if you do the math.
looking for a breakout on some bad news gold been accumalating strong for the past 6 months or so should and could be on the verge of a nice break out !
Because I do. Looking for breakouts in Gold in 2022
Made a traditionals investment into JNUG - junior gold miners, at $61. Gold next leg up is coming right now. Only thing that could stop this thing is a black swan. If Russia gets pushed into war by the NATO, they could potentially sell some reserves to raise cash; other than that, I see no other outcomes where gold can possibly go down from here.
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
As the market starts to roll over, investors will begin to turn their attention to "safe havens". I've been following GLD for the last few days and it appears to be forming a "cup and handle" pattern. As money moves out of equities, I am starting to go long on other asset classes. I see JNUG as being a big benefactor during this transition out of equities. JNUG...
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.
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments.
Reasons for going long is the price is likely to go up, so by going long I am likely to make a profit because I will be able to sell it for more than what I bought it when I close the position that I longed.
Relatively new to TA so would appreciate any constructive feedback/correction but go easy on me as I'm still learning. Possible swing for JNUG in the near future. -RSI oversold territory -MACD divergence coming soon -Below 50 and 200 MA -Still in downward channel -Gold is up-trending Mainly positing to get feedback about the double bottoms. If anyone wants to...
The government is printing money like it is going out of style right now. The US National debt is almost at 28 TRILLION, which is roughly 128% of our GDP!!! If this does not alarm you I don't know what will. Do you hear any plans to fix this or just hear more plans to spend more money? This problem started when we went away from the gold standard in 1973, at this...
complete destruciton to this sector is in the wings..it will rise in 2022..follow