JNUG
AUY BreakoutI see a chance to go long here in AUY. I bought two days ago at the small arrow. I see it as a breakout today. I believe if you look at the mining sector everything is moving higher. Price is above the supporting moving averages and moving above the trend line. I also bought JNUG and added today.
GULD free monies... inverse head and shoulders on 4hr(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 bone with MASSIVE MEAT on it like previous trades: GULD, SILVER , OIL , etc. (that OIL trade what a SPECTACULAR TRADE...)
NOTE:
yes, we know there is no 100% guarantees, BUTTA when the price action on the chart just comes out and speaks to you, and tells you to tek da monies, TEK DA MONIES...
as we wait on DOW DJI to close CME GAP at ~ 27000 and potentially dump there after, GULD is looking to bump up to recent HIGHS... a decently strong inverse head and shoulders is being printed on 4hr... get on some leveraged GULD and SILVA , since we know SILVA will also run with its brudder... NUGT/ JNUG AND USLV to boot. of course we are looking at technicals, but this price action is founded HEAVY in macro economics, so we may just decide to punch through recent highs and go into next resistance areas higher up on chart... will add resistance points later, but we were just looking at getting this out in a timely fashion, even though the paint was sufficiently dry in yesterdays session.
GET READY, GET SET, gOOOOOOOO
Golden Title MatchThe 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) wedge.
I think the match will not be decided until the end of the month.
Bearish on Africa Gold minerWhy 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 guess what? GOld will crash if we have a flash crash anyways!!!
that means, we will win, if market crashes hardcore, and we would win if market continues to rally up and cancels recession fear.
Win WIN
AU- Short Shares
IDEAL on Short entry - $24.50
Buy to cover $16.23
buy to cover Trailing stop $4
BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MINA BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART
AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ
SOIURCE: www.investopedia.com
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png
KEY TAKEAWAYS
The golden cross is a technical chart pattern indicating the potential for a major rally.
The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
The golden cross can be contrasted with a death cross indicating a bearish price movement.
DOUBLE BOTTOMZ UPNice double bottom forming on gold mining stocks . Price target indicated by this bullish reversal pattern is a nice merger with the daily up-trend line and fib level indicated in chart.
Best option for profitable trade is to buy on decisive volume breach of pattern neckline with stop loss as indicated. For less risky entry point, wait for confirmation with small pull back and a bounce off the neckline.
Good Luck. Technical pattern information included below
Double Top or Bottom
The double top is one of the most popular patterns in trading. It's a reliable reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 2 tops at nearly the same level with a valley in between, which creates the neckline. The second top does not break the level of the first top, so the price retested this level and tried to make a higher high, but failed. Price breaking the neckline and closing below it would complete the pattern.
Conservative traders look for additional confirmation and aggressive traders may enter a bearish position from the second top. The target can be estimated by measuring the height of the pattern and projecting this downwards from the neckline. Common stop levels are just above the neckline, halfway between the neckline and the tops or above the tops. The double bottom is the bullish version of this pattern that can form after a downtrend. A popular variation of this setup is the 2618 trade (as taught by Jason Stapleton) with specific rules for the pattern configuration including where to enter and to exit the trade. - SOURCE: TRADINGVIEW
Predicting Micro-Trend Reversal of Gold and JNUG Price MovementI made this gold chart with jnug overlay. It's my first real attempt at making and publishing a chart. I noticed that the jnug overlay really brings out a head and shoulder pattern under-lining the gold movement over the past few weeks. It's kind of rudimentary but I think we will see the inverse head and shoulders with the right shoulder beginning a new 12345 series of Elliot waves in the direction of the long-term macro-uptrend of gold, retracing and surpassing the current fibonacci resistance/support levels, followed by another ABC Elliot wave correction. Let me know what you think, and good trading to you!!!
NOW TIME TO BUY GOLD AND SILVER MINERSThe head and shoulders trade on the junior gold miners was a textbook example. Our short position target price has been met and the MACD is showing corssover potential on multiple timeframes. We have rotated from short positions to long positions on AMEX:GDXJ AMEX:JNUG
"Patience comes to those who wait."
-HANDOFGOLD