GOLD RALLY TRIPLE BOTTOMRui is going up
Big support
We can see a triple bottom
if it breaks the 1315 we will se 1361 again.
Or maybe you can see a bull flag.
So we are going up.
NO WAY DOWN.
Come on the train.
Goldstocks
GDX - possible move lower after triangle consolidationAfter the impulsive drop in Aug, seems to be consolidating in a triangle for another leg down to complete a A-B-C corrections of this year's rally from lows.
Asian MondayIn order to break the bear-market trendline, one need to have some power in the move.
Gold is building its wedge to knock the resistance line @ 1350-level. The wedge will be completed during Asian trading session and will be continued in the European market. The US market will be left partly on the train station. Gold targets the 50 % FIB retrenchment where the next move is... UP.
Notice the resistance lines in my other chart "The gold and the bull" and take profit accordingly.
Is the correction in gold miners over?ABX is the leader of the pack as it is one of the biggest and most famous gold miners and widely known for being owned by Warren Buffet. It is also the biggest component of GDX ETF.
Today, the priced retraced and crossed the 38.2 FIB at 16.76 and immediately jumped up above 17. If this continues up and not cross below this level again, it will probably lead the way out of the correction for the rest of the miners as well.
September 3, 2016 Golden Dawn Minerals- Stairway to heaven?Golden Dawn Minerals GOM seems to be on the verge of a massive breakout as it is pushing against resistance of $0.40 which was last priced back in 2008. There has been a recent volume spike (open buying interest) since the company started jockeying for a piece land which is also of interest to powerhouse major Kinross Gold Corporation K . Since GOM is traded on the Canadian Venture exchange it is not widely covered by major analysts so it has stealthily moved up under the radar. Full disclosure, I own shares in GOM .
McEwen Mining Inc. The Dividend Paying Junior MinerMUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks $1400 this stock is going to run. The NI43101 looks solid as well. More information can be found at SEDAR .
Sept 2, 2016 XAUUSD The Gold Market After Non-Farm NumbersLONG That's my opinion of the current XAUUSD market. I'm looking for increased action in the junior resource space next week after Labour Day.
Gold Currently Trading Lower, But For How Long?Gold is moving down on the premise that the US is the only central bank on the planet that is going to tighten its monetary policy. Keep in mind that this is a very thinly traded market in August, so although the path of least resistance is currently down. Things can change on a dime.
Tracking Gold-- JDSTThe monthly trend seems to favor a shift against gold, particuarly with miners etfs such as jdst + dust.
Discovery in MexicoWeekly chart of Almadex this week after discovery in Mexico.
Almadex Discovers Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico
GOLD ShortGold hit top trend line and fib extension and now has put in bearish RSI divergence and been posting low volume. Expect a correction to the noted fib levels.
IF YOU DARE?!so there is many technical arguments on this trades (especially much more on lower timeframes), but i really wanna see how this trade would behave
I'm bearish on gold until it goes through 1400 and stay there for at least one month
GOLD CRITICAL JUNCTIONI don't trade gold unless it's extreme high or extreme low for long term holdings. But just would like to share my charts with gold bug traders so that they know where they are trading. Move extremely cautious if your are long as PRICE is approaching the solid RED resistance line. If you want to go long then let it break. Also this is a monthly chart so don't know you have the nervs to wait that long. If you wanna make some quick bucks then go short once hits red zone.
GOLD USD RATIOIT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much.
Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
GDX wave 4 Rebound, Potential wave 5 target , Risk/Reward 5.59GDX rebounded from critical support level of 78.6% retracement.
Wave 5 target will be 127.2% or 32.71 level.
Risk/Reward Ratio 1:5.59
Stops to breakeven at 27.42
Newmont Mining ( NEM ) - weekly chart overbought.NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.
TGV.V Buy before the crowdNews on 30 july will maybe be huge either in a really good way OR really bad,
The stock might be halted 1 day prior the decisive date
