JNUG Inverse Head and Shoulders break plus bullish MACD

Updated

Here comes the moneyyyyy...... Or the gold to be more specific. Gold is going to have a great year, today the FED is confirming a more cautious approach to rate hikes and that means a weaker dollar and a stronger gold. Junior Miners are about to catch up and the JNUG is confirming a break out of an Inverse H&S pattern plus a bullish MACD cross on the daily chart. Start buying with a target of $14 + and pout your stop loss just behind the neck line.

This information is only for educational purposes. Happy trading.

Trade active

We retested the neckline and we’re on the road to our target.

Trade closed: target reached

Our target was almost reached but all gold related assets are observing a correction due to the FED minute that implies that rate hikes are still possible in 2019, so a stronger dollar means a weaker gold. I still think there is a lot of room for gold, gdx, nugt and jnug but I prefer to take profits and enter later again at a better price.

Kassem_Trades

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