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Royal Gold, Inc.Royal Gold, Inc.Royal Gold, Inc.

Royal Gold, Inc.

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RGLD trade ideas

RGLD: $140+ Short (Expected Positive Earnings Call)First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. I do expected Royal Gold to have a positive earnings call in the upcoming 5 days, and currently it already is on a bullish curve with many investors giving it buy ratings. This is why I am calling at least a $140 short target and saying it has some long potential with low to medium risk.
NASDAQ:RGLDShort
by gamer456148
1
Royal Gold Up Over 23% Since Alert - Congrats to Subscribers!It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). Be sure to hit that Follow button! Please find me on social networks via the link on my profile page for more ideas from MasterCharts!
NASDAQ:RGLDLong
by mastercharts
3
$RGLD - Switchin things up a bitUsually wouldn't even waste my time on a chart this ugly, but it was a toss up between posting the failed breakout of $DXY vs a legitimate contrarian play if you like buying at the very bottom. If the drawings look a little too extra - they're not. I've seen this pattern on a regular basis when I was either too quick on a jump to short (but ripped my hair out because price was range bound) or too quick to try & make a quick profit from the bottom up (but ripped my hair out because it wasn't time for a breakout). Without making it complex - it's patterns lime these that I made gave their own category for just because it was a predictable (breakout) move just by the bar count. The biggest problem with catching a bottom like this - if you're like me, is the possibility a breakout that only produces a small profit, & price just moves up to a (slightly higher) range bound for a bit. Time decay weighs on your patience & you get out to find a MOMO trade (guilty). Fib re-trace is based off a 223% price target, but seeing as price is below trend without moving averages confirming the downtrend - best bet is for a 141%-161% test of highs to prevent a break of the 180 weighted (blue). Pattern category is "110 breakout" - whereas candle after break of support from a gap down is #1, & the #110 candle (whether bottom or top of price range) is your entry. The 3 yellow lines indicate other potential entires (55, 75, 110 tend to be points of interest) if you're tryna get long. Fair warning - trustworthy pattern to me more-so on intraday charts to get a better sense of support, but like I said, a real contrarian play to say the least. More than happy to leave a few examples since to give a better perspective. Ex. 1 - Ex. 2 www.tradingview.com Ex 3.
NASDAQ:RGLDLong
by DerekD_
Rejection of higher prices on Royal Gold - Weekly Chart $RGLD $GLD $GDX #gold #miners #trading $DXY These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts). Find out more. Send Private Mail (PM) to @MasterCharts
NASDAQ:RGLD
by mastercharts