Case for bears in GoldThis div pattern will almost always produce profit.. Looking for short of gold on wedge pop
JDST trade ideas
Long JDSTGold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February
If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off
JDST Bullish Medium-TermJDST looks like it will touch/surpass its previous high at $55. If Gold continues to decline towards 1220, JDST could easily reach $80.
Gold & JDSTLots of selling showing up for gold at resistance. Sold-off at 1311 and repeated sell-offs at 1306. Gold looking like it is going to breakdown, possibly all the way down to 1200 by this summer/early Fall.
This incoming weakness in gold coincides with JDST looking very bullish. Could easily move to $50+
JDST on watch for swing tradeRSI, STOCH, channel and XAUUSD prices in line for short term swing here
JDST - Going up?
20% Potential
Good Deal Zone
Green light on MacD
3-5 Day Swing Trade
Support/Resistence: 70 / 91
Entry/Sell: 75.5/ 84
Stop Loss: 74
JDST - Day Trade Potential Horizontal Pattern
JDST Day Trade Potential
Long term it is also looking like it's about to reverse back up 20% over the few days.
JDST Long - Buy Zone!
JDST is in entry zone, for the more conservative traders, enter when it starts to confirm an uptrend when the candles start to appear above the MA on the 1 hour or 4 hour charts
JDST Short then LongCurrently in a Bullish trend and will most likely follow Option 1 with the green lines. Otherwise, option 2 along the purple lines is another possibility.
JDST short then LongLooks like the old volatile days might be coming back, looking for some jdst retracement and then long again but for now short.
