JDST trade ideas
jdst finishing small downtrend then bull corrective waveanother weird complex corrective wave in bear minners
Beware Gold BullsI''ve been Bull for some time now and discovered this wedge in JDST forming.
Not saying XAUUSD won't hit higher highs in near future but a correction may be coming to be.
I'd advise to wait for wedge to break before hoping in, if at all.
JDST long ideaSure looks like a break out to me. Pick up some JDST as gold and miners drop into the next ICL.
JDST heading for 17-18+Consolidation complete. IHS and bull flag suggesting another leg up. Targeting 17+. Would love to see test of last month's highs above 18. Gold looks like ready for a 1450 test, possibly even as low as 1413.
JDST bullish; Gold prices likely bearish given US-China deal?JDST looks to be bullish, making higher lows in the recent weeks. Couple reasons why I think it's on the uptrend:
- Phase one of the China trade deal concluded bringing some stability to the world economy; generally this should reduce the demand for gold, lowering prices and increasing JDST, a gold miner BEAR.
- Gold prices have a very strong resistance around 1540 from May of 2012. It's already touched that resistance late September/early August this year and would need some serious momentum or world news to break that resistance, such as the US-China trade deal falling apart. I believe it's more likely that gold prices are on the way down, making an ETF like JDST increase.
What do you think? Please leave a comment with your thoughts!
JDST sending signals?Pending a breakout of the presented wedge you may be able to correctly time when to bet against gold once more..
I wouldn't be too confident that this pennant wouldn't collapse out the bottom which is why i recommend waiting for the fall wedge to break out a bit, but anywhere by the value box I've drawn could earn you some easy trades.
Goodluck
JDST hit our 30% End of the current JDST trade. Got right up into that 34 day ema and closed right below. Great 30% swing here. No solid break or close above so sell to take profits best idea. Love the gold plays on the 3x lev's.
jdstGold could go lower, hedge or short or buy jdst, but stay alert on gold and buy on any correction.
JDST money maker moveTwo day swing held. Still looking a GLD and /GC, i think we can push to the 34 day EMA. Alkost a 30% move if so. Golds slightly easier to play than most. Everyone should have a gold.play in their bag.
JDST one more Thing... and the junior miners will not be an exception too...
If the sector is going down the juniors will drop too.
We have the same indicator divergences:
GDXJ was underperforming in this intermediate cycle.
While GDX almost tagged the 2016 highs GDXJ was not even close to it.
Will JDST bounce?Broad wedge keeps going lower as Gold Bulls feast on their road to 1485 (my original target). At this point, I believe layer into a position to hold for months on end is smart.
