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Raiden to regain Daily Uptrend?Raiden Resources Limited (ASX:RDN) is an ASX copper-gold exploration company focused on discovering large scale mineral deposits in the world class Tethyan region of Eastern Europe. Raiden operates in low cost and mining friendly jurisdiction’s which remain underexplored, seeking to systematically apply modern exploration techniques to discover Tier 1 projects. Outlook: - Daily Support currently Holding after recent trend break, area of interest is at Daily Resistance and Retest of Daily Uptrend. I think the only thing that help price regain trend will be Good Drilling results. Also note the Daily GAP is unfilled just below current price. If price was to regain trend, my target would be previous high from October. If support break then GAP fill is likely. Watching. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:RDN
by Trader_Johnni
2
GDX - Miners are Ready to Rock and RollGDX - Miners are Ready to Rock and Roll Keeping this short and simple Daily/Weekly Set-up Entry on Pre-market Gap-up or 32.25 double bottom if we drop (which i doubt) 1st Target = 38 2nd Target = 42 Hodl target = 45+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
AMEX:GDXLong
by UnknownUnicorn7216011
GDX- Miners Reaching Lower?A break of the inclining support originating from Jan 2016 may trigger some selling pressure as it would complete a Head and Shoulders pattern. This may be an inverse expression to the IHS forming on the DXY. I'm about 70/30 convinced of this right now. The attached link makes a strong dollar case. The average distance from head to neck results in a projected 24$ target, with the very base support above 22. If this played out similar to other sell-offs, we could expect the downward pressure to reach 24+ and ease before turning between Feb 1st and Apr 19th. This could be an algo/leverage driven flash sale so we might expect equal violence to the upside later in the summer/fall. (15% chance?) What is more probably more likely is that the chart will bounce in the 28 range before deciding to follow-through to 24 or, consolidate and ultimately resume an up-trend. (85% chance) Whether this coincides with a broader market decline remains to be seen, though my suspicions tell me that this week (Jan 25th-30th) will be very telling.
AMEX:GDXShort
by ptero1492
2
Gold Still Trending Inside Bull FlagGold price has created a descending parallel channel on the chart, and since it occurred after a significant move up it is more commonly referred to as a ‘bull flag’ due to the overall structure of the move resembling that of a pole and flag. The anticipated move here if price can remain inside of the upper half of the bull flag is a continued move higher and a break through and above the upper channel line. Should that happen price will likely march back up to test the recent all-time high made on Aug 10th of $2075/oz, which I’d expect to be taken out and a new all-time high near $2200/oz be made based on other charts that will be shared later with more detailed analysis. Looking back at 2020 gold price performed extremely well, gaining roughly +43% from the March lows near $1450/oz to the August high of $2075/oz. I’d attribute most of those gains to gold being a fear hedge during times of uncertainty in markets, which we saw plenty of in 2020. Gold also by nature performs well when the underlying currency it is priced in is being inflated(money printing). With a new round of $600 checks recently having been sent out by the outgoing administration, and $1400 checks on the way from the incoming administration, gold should continue to outperform over the next few years as stimulus checks and corporate bailouts appear to be the new norm and a necessity for the economy during these unprecedented times. Regardless of the reason, money printing is inherently bullish for gold so physical and mining shares will continue to be a portion of the portfolio.
FX_IDC:XAUUSDLong
by PrepForProfit
Chinese Rare Earth Elements (REE) MinersBull Case on Chinese REE Miners: Increasing domestic pressure to restrict REE exports from China. China accounts for 60% of the world's mining of REE, China also accounts for over 80% of the world's REE refining. Refining is environmentally intensive & damaging. The US & Australia are building out domestic supply chains, but unless they are willing to fight their own environmental regulations to refine what is mined, it still has to be sent to China. Increasing global demand + restricted supply chains = higher prices = greater profits for Chinese REE miners / refiners (tracked in REMX). China is bolstering its domestic semiconductor industry due to the restrictions from the US & West, which also require REE; Chinese domestic demand for REE is going to increase to support a domestic semiconductor foundry sector. Cup & Handle pattern noted.
AMEX:REMXLong
by MichaelGoldberg
GDX resumes its original pathA month ago, the GDX gapped up above the 55EMA to break a downtrending cycle. But it was not sustainable, as previously observed. This week saw the concomitant plummet, alongside Gold, which closed the previous Gap Up with a Gap Down, bringing the week closure below the 55EMA. This is a failed breakout. Technicals support this bearish turn of events, with the MACD and the Price Momentum crossing down. The drivers for this downside move have been described previously... Target 32-33 in Feb 2021.
AMEX:GDX
by Auguraltrader
1
Gold Bull Flag Breakout AttemptGold price #xauusd is attempting to break above the upper line of the downtrend channel which would be a bull flag breakout, and the expected result of the bull flag pattern. The next resistance level stems from the local high made in early November at $1,966/oz. The stop-loss level stems from the local low made in early December at $1,763/oz. A break above the red line is bullish, a break below the yellow line is bearish. The Price Percent Oscillator(PPO) shows the green PPO line rolling back up above the 0 level which is bullish as a move belwo the 0 level would indicate a shift to bearish price momentum in the intermediate-term. What we want to see going forward is for the green PPO line to cross back above the purple signal line as this would indicate a shift back to bullish price momentum in the short-term. The PPO indicator is currently reading bullish overall. The Average Directional Index(ADX) shows the green +DI line above the purple -DI line which indicates a postive trend behind price in the short-term. The histogram in teh back round is green and declining which means that the dominant trend(bullish) is weakening. What we want to see going forward is for the green +DI line to remain above the purple -DI line and for the histogram bars in the background to begin rising to indicate a strengthening bull trend. Overall, the ADX is reading bullish. The Traders Dynamic Index(TDI) shows the multi-color RSI line currently green and trending back above the centerline of the Bollinger Bands which indicates that momentum is shifting bullish in the short-term. The TDI background is currently green and filling the 40-80 levels which indicates that price has bullish momentum in the intermediate-term. When the bulk of the RSI action is between the 40-80 levels the overall momentum behind price is considered to be bullish. Overall, gold price is looking good for a re-test of the $2,000/oz level and will more than likely push through it this next time. The most important thing that we learned in 2020 is that there is no limit to the trillions of dollars that will be printed and spent to prop up the stock market. Gold and silver should perform well for the foresseable future because printed money and low interest rates are the only thing keeping the stock market going. Those happen to be two perfect reasons to own precious metals, both physical and stocks.
FX_IDC:XAUUSDLong
by PrepForProfit
SAND: Divergence->Left Turn at 50%?Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend -look at previous divergences when macd+rsi travel in the opposite direction -flat lows, then reversal when macd+rsi diverge - GAP filled above 50% retrace of march lows and beginning of bull run. -~3 bounces around 50% retrace -no more gaps to fill from rapid accent in Spring 2020 -one gap to fill Also, where should i place fib and gaps: on the wick or candle? Also, divergence around the top... a bit of a stretch?
NYSE:SAND
by Uglybob
GOLD MINERS GDX bearish tonesPlease see Chart... recent minor failures hint of bearish tones, and technicals are crossing down. Overall, the equity markets are pushing higher on air and expecting a serious pullback soon, after a surprise trigger. Gold prices are not moving despite USD weakening... this is bad for Gold, and Gold Miners particularly. Once the USD jumps, and Gold drops, then the Gold Miners will be in double jeopardy. I like GDX, but it is reeking of danger right now. I would be very wary IMHO...
AMEX:GDXShort
by Auguraltrader
4
Stifel analyst with a buy rating and $13.25 price targetThe miner of material for batteries received some positive analyst coverage Tuesday night, with a price target still above where shares closed today. Yesterday, Stifel analyst Anoop Prihar initiated coverage of Lithium Americas with a buy rating and $13.25 price target. That represents another 7% potential on top of today's bounce. The latest coverage comes as the Canadian miner continues to advance development of lithium projects in Argentina and in Nevada. The Stifel analyst cites its growth in those projects as a move toward becoming one of the largest global lithium suppliers. Though Prihar says that the stock offers "attractive upside potential" from its growth strategy, investors should note that the Nevada project won't be operational until at least 2024. But the Thacker Pass project in Nevada should reinforce the battery supply chain domestically . In October, President Trump signed an executive order declaring a national emergency in the mining industry , saying it was "particularly concerning" that the United States imports 80% of its rare-earth elements directly from China. The order also stated that the "United States must broadly enhance its mining and processing capacity." Long-term investors are looking to companies like Lithium Americas to supply those needs. www.fool.com Lithium Americas earned $0.07 in the third quarter, compared to $0.06 in the year-ago quarter.
NYSE:LAC
by AlenCiken
Silver Trendline Breakout, $30 TargetSilver has broken above the downtrend line that formed after price peaked at $30/oz back in August. This breakout comes on the heels of a double bottom pattern that formed in the $21-$22/oz area from Sep-Nov which combined with the trendline breakout indicate that traders are likely going to take price back up to test the $30/oz level again. The current price candles are yellowish-lime in color which indicate bullish momentum volatility. In general price will continue to rise as long as there is bullish momentum volatility. The PPO indicator shows the green PPO line rising above the purple signal line which indicates bullish short-term momentum in price. Both lines are crossing above the 0 level which indicates that bullish momentum is forming in the intermediate-term as well. The ADX indicator shows the green DI line above the purple DI line which indicates a bullish short-term trend in price. In order for the trend to be considered strong the histogram in the background needs to be rising which for now it is not. The TMI indicator shows all three MACD histograms above the 0 level which indicates short, medium and long-term bullish bias in momentum. The TDI indicator shows the yellow RSI line rising above the horizontal 60 level which indicates strong bullish momentum for price. The TDI background is shaded green which indicates that there is bullish momentum in the intermediate-term as well. The yellow RSI line is also above the upper blue Bollinger Band which indicates short-term bullish momentum volatility. Overall, silver price looks good for a move back to $30 on this breakout.
COMEX:SI1!Long
by PrepForProfit
1