Goldmining Inc is tracing out a bullish pennant after a move up following completion of the ABC major that began in 2016 . This huge corrective move is typical of many mining shares and is the main reason i am so bullish on the sector as i believe this pattern to be a massive W2 major . If this is correct the W3 that is soon to follow will be in the melt your face...
This is a new position for me and I don't study Gold so you tell me lol
TLDR: I'm bullish on GLDG and going long for a swing. Entered twice since last month to build a position before the BRICS summit later in August. I've been following and studying gold for the past few months, and I like Goldmining Inc's (NYSE: AMEX:GLDG ) projects and vision for the industry. The company also recently had a successful Nasdaq IPO ( NASDAQ:USGO...
Way overbought, overvalued. I don't mess with penny stocks or pink sheet garbage this is a definite SELL the pump n dump
According to technical analysis, gold and silver stocks appear to be preparing for medium-term growth.
Possible dopple bottom on good support with positive divergence on daily and weekly charts.
Higher hi's. Retraced .618. $10 in 2022.
Hello fellow traders, Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink). Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has...
I think the price will fluctuate between 3 and 4 cad dollars the next months. just boring consolidation at this point. when gold starts moving in about 2 months and finishes the year at 2100 this stock will go to 5-6 cad dollars. if gold cant manage to hold the supportline from march this stock will plunge down under 2 cad dollar. its about 60-40 in favor bull
fomc fed meeting today so gold may pop up. Lots of set ups like this.
Caution. I like the run but if you have stops to set, protect your profits
Nice recovery for @GoldMiningInc $GOLD.tsx with some predictably higher vol. Hit resistance at the 23.6 fib and upper channel, but trending up. A close above 1.33 should set up a run to 1.71 #gold $GC $GLD $GDX $GDXJ