1850 gold seems to be the magic number we have to keep our eye on here. A break below puts 1795 on the table and does long term damage to the chart. Provided we get back to and stay above the key level of 1900, we should be back on track here. Normally a cup and handle chart pattern takes a long period of consolidation of up to a year to build out the handle,...
From a seasonal perspective, Gold is entering its season. There's a stimulus package waiting in the wings right after elections, an enormous amount of stimulus in the market right already. Given that the dollar is locked in a downtrend, there should, or could be a substantial rally into years end as short-sellers look to cover. The overall trend in this market...
Though I may be somewhat premature, there's no denying that the FED and economic policy is to continue to be accommodative, I am back in at $6.45. All that happened here is that the market dislikes uncertainty and that is exactly what it got when Trump called off stimulus negotiations to focus on supreme court nominee. With that out of the way, we might see more...
No real traction this week off the low of 1851? Very little momentum, no real follow-through so gold in my opinion looks to consolidate more and possibly pivot lower next week retesting 1851. I halfheartedly think we may have put in a double bottom but with this week's weak close in gold, that's questionable. BTG bounced off $6.02 on the 19th of August and $6...
The good news is that after this latest correction in gold no technical damage has been incurred. Gold is still well above its 200 DMA. In my opinion, the earlier overbought condition has now been completely unwound. Is this consolidation period over? I don't think so because seasonally October is traditionally the second weakest month of the year for gold. ...
All stocks eventually retrace. For more reasons than one I think the Gold run is over. I think stocks will continue to be bullish as we progress through this covid era. Technology is booming and holding support even on sell offs. I believe BTG is forming a descending triangle and will retrace to the 33% level which is found a lot on retracements. However, BTG is a...
Appears that gold stocks and ETF's are mostly all moving in tandem, which is good. Appears that gold has found a support level and is moving sideways at the moment. This is a good time for accumulation. I will *try* to time the market and buy it at the bottom of the channel and try to flip profits on the upside. Either way, once purchased it is a long term...
I'm thinking this retracement is getting close enough for me to start adding back to my position here around $6.28. Seems to have come hard and fast. This could possibly retrace all the way down to 5.80, however, I've never been good at picking absolute tops and bottoms...good enough for me. Technically after redrawing my fib line, I wouldn't want to really see...
Silver getting heavily overbought on MACD, gold as well, not quite as much as silver, however, a retracement at this point could be in the works in my opinion. Looking to re-enter between 5.98-6.09 for the next leg after a period of consolidation. Just my opinion. good luck!
B2Gold Corp. is an exploration company. The firm engages in the acquisition and development of mineral properties. B2GOLD REPORTS QUARTERLY GOLD PRODUCTION OF 241,593 OZ AND RECORD QUARTERLY REVENUE OF $442 M FOR Q2 2020; ON TRACK TO MEET ANNUAL PRODUCTION GUIDANCE OF 1,000,000 TO 1,055,000 OZ On 7/20/2020 Scotiabank Boosted Price Target to Outperform from $8.50...
Hey investors, B2GOLD CORP is in a downtrend, large purchase volume it is on a bullish trend support. Great potential to break the trend support for a reversal, it is located in a consolidation zone. A recomblage of the gap while passing join the zone of the top to arrive at the half of the zone, if the buyers are with go, they can bring the price to return to...
Gold stocks are the best buy ever at this moment and B2 has a fine chart.