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Longamzn

I want to buy either AMZN or a leveraged gold ETF like JNUGSo 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.
NASDAQ:AMZNLong
by AwesomeAvani
Updated
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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