1hr bear flag 38.50 target1. Overbought stoch rsi
2. AD,mfi,smi, vfi showing a bear flag.
3. Bearish D leg of the Elluot Wave, looking for a retrace to E leg at minimum..
4. This is also a stealth bearish cypher.
5. Mfi, is telling me a bear flag will form and cause a breakout to the downside once confirmed.
NOT FINANCIAL ADVICE
JNUG trade ideas
Junior Miners will fall 10-20% before catapulting in Mid MayMiners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this year where you can buy OTM calls and this will be like Gamestop imo.
THIS ISN'T FINANCIAL ADVICE!
Things suggest that gold is poised for a bullish trend in 2024.One of them is he ongoing conflict in Ukraine, tensions between the United States and China, and other geopolitical events create a sense of uncertainty that could drive investors to seek refuge in gold as a safe haven asset.
the second reason is gold will go up no matter what ! its just searching for an excuse to go up. it is built to go while fiat value has to go down. thats how economics work.
Smash the like button if you are a gold bag hodler like me
JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components
of miners that have the most to benefit from rising. On the daily chart, price dropped from
a winter pivot high with a head and shoulders pattern into a trend down with a bounce off
the lows in early March followed by a YTD pivot high in mid April followed by a trend down
into the July 4th holiday where the reversal from the low into the current price movement
is supported by the MTF RSI indicator showing both the low and high TF RSIs crossing the 50
level. The zero-lag MACD shows the histogram going negative to positive simultaneously
with the K /D lines crossing from underneath and beginning to rise. Importantly the Lroentzian
machine learning AI indicator using a variety of indicators and factors printed a buy signal
earlier this same trading day. I will go long in a swing trade expectant of great profit. I can see
that price is approaching the long term mean VWAP and has crossed over the POC line of
the lower high volume area. The target of 43.2 is the POC line of the upper high volume
area confluent with the first standard deviation above that mean VWAP and also the neckline
of the H & S this past winter. The analysis is strong from the confluences and so
expectant of 15-20% profit.
JNUG - Leveraged Junior Miner ETF Swing LongOn the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.
A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.
I see the potential for a significant gain of the ETF and its call options over about six months.
See also my idea on XAUUSD / Spot Gold for a more elaborate analysis and discussion.
Globally, the 49ers are back again and I think it is time to enter this market.
JNUG Gold Leveraged ETF in Cup and HandleAs shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated bounce off support to the first target is 20% with
additional targets at $ 41.74 and $44 for smaller portions of the greater
position. Multiple sources are projecting a gold and silver uptrend in anticipation
of an equities market downturn and further federal actions to fight inflation
and "bear" down on the equities market. G old bugs pay attention !
YOUR JNUG PLUGI think with all the turmoil gold is the safest bet. typically gold sky rockets in times of war. We are floating somewhere close to fair value. JNUG typically is hard to trade because they will do stock splits and the price changes. I remember Jnug was at 6$ just a few years ago. So just remember the price of this stock means nothing. essentially if you trading JNUG or JDST/NUGT ect. ect. your trading gold directly and its important to check out my other signals on gold. This is a good sign that we will see a bounce here. Sometimes JNUG will forecast a move for gold. The actual gold chart make take out new lows before reversing, where as here this trendline may hold.
Easy money to long here. With the JNUG ETF you aren't aloud to short unless you meet capital requirements so to short you must trade the JDST chart so the only signals technically anyone can provide here are long opportunities.
Thanks for your support everyone. Happy Trading. Please les me know any other stock/ETFs you want to see me post. Have a good week!
GOLD INVERSE EFTs -Time to go long GOLD 3X ( JNUG / JDST )AMEX:JNUG
This chart analysis would serve as a guide to a swing trader or investor
seeking or continuing trades in the 3x gold EFTs JNUG and JDST.
Bu setting up the ratio between the two over time, pivot points
can serve as a reference to buy one and sell the other or initial
position.
The chart shows the JNUG price for May 2022, April 2021 and August 2020
while presently the JNUG completed a pivot low with a signal
from the RSI swing indicator. Since three weeks ago, the price
is rising albeit with weekly green Doji candles.
The MACD, a lagging indicator, shows an impending K/D
crossover under the histogram.
All in all, ow may be the time to take a trade-in JNUG, which
has risen by 20% in an ascending channel over the past three
weeks.
$JNUG still bullish channelAll i can say is keep adding to position gold os going to go well over $2k in the years to come and here we can go long at the 100ma trendline. BTC is not the same leverage as gold don't listen to that please. Kingdoms were built off gold if things go sour we got us a real deal commodity again.
$JNUG still bullish channelMe personally would keep adding to position on these dips and playing credit spreads to add to position on the downside right now it's noticeably clear the market is reacting daily and will continue to see gold rise in general. Also bitcoin is not a subtle antic to use like gold or silver so all those post about BTC or Gold are kinda foolsih...
JNUG with the long haulBeen on this like a hawk past month or so kept holding above trend and we got a huge breakout, looking for a small retest to the current green level and then a bigger breakout. Target is looking to be a $102 or so ;).... I would stay bullish on oil and gold and continually add to these dips gold seems like it's going to be back in the game till about 2026.
JNUG (D1) Bullish Reversal is Legit!?!JNUG and its well-defined downtrend on the D1 Chart dating back from late-2020 has been broken and all indications support this notion including breaking downtrend resistance, closing above said resistance on the daily chart, as well as holding above that same downtrend former-resistance-now-turned-support for additional confirmation. For the doubters, however, JNUG closing where it did yesterday further adds to the bullish reversal conviction. Have been building a not-insignificantly large JNUG long position for past few weeks, with yesterday's price-action and closing levels making it obvious that, at least for now and perhaps continuing through an indeterminate amount of time over the next several days/weeks/months -- JNUG directional bias strongly to the upside with the bulls seemingly in control as of now. Holding near or above yesterday's closing price upon close of the weekly candle would only add to bullish sentiment. Remaining long JNUG!
Gold still looking for that breakoutI suggest adding all the gold dips you can, alexander Karp went all in on the actual source lol buying tons of reserve for pltr and well hes a very smart man who sits at several trading table like air bnb and makes decisions for a lot of company's behind the scenes. gold is going to retrace all-time highs and surpass it by 2023.
Gold bull theory: JNUGMade a traditionals investment into JNUG - junior gold miners, at $61.
Gold next leg up is coming right now.
Only thing that could stop this thing is a black swan. If Russia gets pushed into war by the NATO, they could potentially sell some reserves to raise cash; other than that, I see no other outcomes where gold can possibly go down from here.