A break out above the dotted cap line will be very bullish. We had a false break out before but I think were ready to go. A break above 90 is solid.
Well if it breaks the volume line well will see I find the curve a smooth indicator for gold .
selling this one from the top for short term..
should i hold going into split
If gold really wanted to dip to 1,600$ it would of been sooner because of Thursday’s reopening and positive drug news. But 1 thing we need to know is that numbers don’t lie! Unemployment is a major booster to gold and a falling economy. The market is being pumped by top 1% and federal reserve as more money is being printed and loans are being throw everywhere like...
It looks like the tons of volume that entered the market on JNUG last week is the only thing keeping the price afloat. Overall the stock is bearish, dropping from over $100 to single digits. Short-term, it's getting ready to test the resistance (shown by the horizontal green line. We can see a bullish trend over the last few days, steadily making higher lows....
Working with a Bearish Alternative Bat Harmonic Pattern: The key area to hold here is $3.77 and above although it can close with a wick below there as long as the candlebody doesn't close below the 88.6% retracement of AB. Huge R:R, targets aren't listed on the chart, but ideally I'd buy anything under $4 and set a stop loss at $3.50 or so, if this area holds my...
Jnug is a gold ETF that is super volatile and as you can see the price action has been absolutely wild!! These support and resistances that I have set really help to predict this price action. Jnug is much more riskier than my other ideas but also offers a greater reward in my opinion. I still believe that this is a good buy but proceed with caution.
So if you look at the History of JNUG it is fairly constant at 18-30 dollar range if you equate for the splittings. So at these 3 dollar ranges I think JNUG would be a great buy but... in these markets its hard to say. Also just moving from a x3 leveraged to x2 could split again. However I would have to believe gold miners are getting excited per once/the price...
amazing if you are interested n learn how read charts feel free to ask me
Pennant setup may indicate a break down will continue after the previous fall. It will be interesting to see how this plays out.