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JNUG

Follow the bottom trend line.Earlier this year I posted charts showing this cup and handle before it broke out from the bottom of the cup. Keep in mind I apply basic charting patterns. Here we have the classic cup and handle play with a classic bottom trend line. Based on the current Huge play on gold this is where we should see gold find its major resistance. I will show you what i did when gold was at 1330. This is a chart that includes lines I have been adding for well over a year. www.tradingview.com ENJOY!
TVC:GOLD
by chartmaster2000
Gold Already Moving to the All-Time-High - XAUWCU leading XAUUSDAfter discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver. I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've noticed that almost every unexpected Bull/Bear move that has had no obvious cause (due to news, or technicals on XAUUSD) did have an obvious technical cause on XAUWCU. For example, when considering when Gold broke out of the long term downward trend from the 2011 top: XAUUSD : Jan. 25, 2019 XAUWCU : Dec. 17, 2018 Additionally, when considering when Gold broke out of the long term horizontal resistance dating back to 2013: XAUUSD : June 18, 2019 XAUWCU : as early as June 7, 2018 and backtesting while it waited for XAUUSD to break out.
FX_IDC:XAUWCULong
by liamcambra
3
FED WON'T cut rates - gold will go back downI'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar $DXY up and gold down. Chart looks like a double-top is forming with momentum sliding. Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting the false-flag narrative being espoused by necons. I think the FED will cut in September or December even. At which I see a risk-off happening where people will run into stocks while gold will look lackluster against it.
AMEX:GLDShort
by JustinBilyj
2
Gold's direction stay LONG I'm thinking that pullback (blue arrow) was either a 1/2 cycle low or the end of the 1st DC. If its the 1/2 cycle low we should move higher towards $1390 as the top. If its the later we are on day 2 of the 2nd DC. The first DC was 34 days long which is right in line with the previous cycles. If I am right we should blow past the previous high at $1348 easily. If we get resistance and start going side ways then it may be the end of the 1st DC and we get that notorious heavy sell off. IMHO
FX:XAUUSDLong
by bhowe
2