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GORO trade ideas

GORO - GLD UP HOMIEReclaim of trendline = MEGA HOT Gold Futures = MEGA HOT Inflation round two inevitable and Biden's "month on month 0 inflation" LOL. New outlets painting a picture of "maybe inflation really is transitory" MEGALOL Let's see how that lasts once we get into winter. Side note: Check out the US oil reserves over the past number of years to now... Yiiiiiikes Break of green on nice volume has me in. Risk to the bottom of the yellow range and build position over pink. Would be nice to see price not go below either pink or purple for max strength but we will see next week. Next area Ill build into is a range clear of yellow range like blue. Break of that = MEGA HOT and risk below pink. Mega range its been in and if gold keeps pushing its gonna drag with puppy with it it too Peter Schiff might have been crying for the last 100 years with his hard-on for gold but next year he finally might be able to trick people into thinking he's not a complete moron No position yet but you know what I'm waiting for.
AMEX:GOROLong
by SlapAsksLiftOffers
1
Gold Resources loosing more than its Gold. GOROWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMEX:GOROShort
by Rykin_Capital
Gold Resource (USA: $GORO) About To Getting Freak'n Sizzling 🍳Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc deposits. The company's flagship property is the Aguila project comprising 18 mining concessions covering an area of approximately 24,372 hectares located in the State of Oaxaca, Mexico. The company was founded in 1998 and is headquartered in Denver, Colorado.
AMEX:GOROLong
by DEXWireNews
1
GORO: Approaching lowest lows in environment when gold thrivesGORO IPO'd at 90 cents. Since then it went up. Particularly after 08' crash where it went as far as 30 dollars. Since then, price went all the way down to 1.14 but never reached back down to original IPO price of 90 cents. So I believe this range has a strong support. Given current environment. It's possible we may see a surge in price of GOLD due to overall fear in market as well as decisions based on current macro economic environment by the US Gov. Thereby, allowing GORO to rise in price. One thing must come before the other in this case Fundamentals in company look strong enough. Crypto may be overbought but gold is certainly not. This is not trading advice, I'm just presenting what I see. Do your own due diligence and good luck!
AMEX:GOROLong
by HassiOnTheMoon
$GORO snipe the floor*My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this summer due to the US dollar continuing to weaken. We opened our long position in $GORO on 6/8/21 at $2.85 but the trade hit our stop loss at $2.60 and my team has been sitting on the sidelines ever since. Today my team is taking another shot at $GORO. This time we expect nothing less than success. My team entered $GORO today at $2.05 per share. Our first take profit remains $4.90. OUR ENTRY: $2.05 If you want to see more, please like and follow us @SimplyShowMeTheMoney
AMEX:GOROLong
by SimplyShowMeTheMoney
4
GORO ahead of 120% rise. GORO ahead of 120% rise. The financial and fundamental background of the Company is excellent. Its acquisition in the last quarter increases the future value of the company by nearly 10x. This is not reflected in the current share price, and therefore could have significant upside potential. The technical picture suggests a similar picture. I have plotted 3 ATR axes on the chart. The rising wave sequence is built from the lower green axis. The middle ATR axis is a corrective resistance axis that was confirmed yesterday. Therefore, I expect a strong upward movement in the coming days. The first temporary target price : 2.59 usd. This level is given by the angle of the ATR axis dips calculated above the last multi-month downward wave sequence. I assume this resistance level as a short stop only. After that the price movement of the stock could be much stronger and steeper. Which has the following target price : 4.49 usd. This level is obtained by taking twice the height of the previously mentioned multi-month wave sequence. This means that from the current level the price of GORO could rise 120%.
AMEX:GOROLong
by meszaros
2
$GORO midas touch*My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this summer due to the US dollar continuing to weaken. We opened our long position in $GORO on 6/8/21 at $2.85. Today my team is averaging down on our current positions at $2.60 per share. Our first take profit remains $4.90. FIRST ENTRY: $2.85 AVERAGING DOWN: $2.60 TAKE PROFIT: $4.90 STOP LOSS: $2.45 If you want to see more and get in on our highly precise entries when they happen, then please like and follow us @SimplyShowMeTheMoney
AMEX:GOROLong
by SimplyShowMeTheMoney
$GORO is where our moneys going*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been analyzing $GORO for the past couple months. We have been anticipating the stocks 4.5% dividend which records on 6/14/21 with a payout date of 6/30/21. We're long in gold and silver (which are produced by $GORO) this summer due to the US dollar continuing to weaken. We opened our long position in $GORO on 6/8/21 at $2.85. Our first take profit is at $4.90. If you want to see more and get in on our highly precise entries when they happen, then please like and follow us @SimplyShowMeTheMoney
AMEX:GOROLong
by SimplyShowMeTheMoney
GORO before rising.GORO before rising.Gold Resource Corporation(GORO) Although its name refers mainly to a gold producer, gold mining accounts for nearly 20% of total production. It is also heavily involved in the mining of industrial raw materials (zinc, silver, copper, lead). The company has no debts. It pays dividends. Let's return to the technical analysis. The two green squares show the two wave sequence areas built up in the accumulation range. You can see that the price movement has reached the upper level of the accumulation range. Two white dotted lines are shown in the figure. The thicker line at the bottom is the more interesting one. This axis is the D1 ATR axis of price movement. This axis often functions as a wave sequence axis. This is what is happening in the current case. The top thinner white axis is the "mirror axis" of this ATR axis. Other strategies call this the "channel line". Its role here is more important than its name. Its role is to take price movement out of the accumulation range. These lines, when calculated and marked, are immediately decoded by sharp-eyed traders as a breakout signal, and therefore the number of long entries increases at this stage. The price movement then starts to rise as it crosses the upper axis. Sometimes more conservative traders wait for this axis to be retested. Moving on. My assumption is that the price movement will start to move up. Building a double wave system it will reach the first technical target price : 3.23 usd
AMEX:GOROLong
by meszaros