I want to buy either AMZN or a leveraged gold ETF like JNUG
Updated
So my question is which one is better right now? To anwer that question, I set up a
daily chart of the ratio of the prices with a volume profile and anchored VWAP for
context and analysis. I have found that the ratio had a pullback into the support
of an anchored VWAP band below the higher and to the POC line where a bullish
contnuation resumed. On the RSI both the low and high RS lines are in a healthy
midrange. HA Candlesticks are fairly wide-ranged and rising from a base at the POC
line. My conclusion is easy, buy AMZN now. If or when rather AMZN cools off, incrementally
sell out of it perhaps to add to the leveraged gold ETF. I am a long term gold bug but need
to trade in the moment, and AMZN right now has far more glitter.
daily chart of the ratio of the prices with a volume profile and anchored VWAP for
context and analysis. I have found that the ratio had a pullback into the support
of an anchored VWAP band below the higher and to the POC line where a bullish
contnuation resumed. On the RSI both the low and high RS lines are in a healthy
midrange. HA Candlesticks are fairly wide-ranged and rising from a base at the POC
line. My conclusion is easy, buy AMZN now. If or when rather AMZN cools off, incrementally
sell out of it perhaps to add to the leveraged gold ETF. I am a long term gold bug but need
to trade in the moment, and AMZN right now has far more glitter.
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