If it retests 37,20 and stays above I will buy (JNUG) with TP!1 at GDXJ 38,44
Last few times a correction came MA100 was triggered oh hourly chart. Lets see if MA 50 will stop it or we will go to MA 100, even MA 200? I will not sell my short at MA 50 - 75% position TP1 MA 100, 25% position TP2 MA 200. I have shorted with DGAZ when NGAS was around 3.257
If this resistance at 37,2x falls a drop under 34 is not to exclude.
We have broken small triangle with no resistence yestarday, today we touched resistance line off the large triangle and we were rejected. If we brake it I belive June high is in reach.
If 43,xx holds I beleive we will bounce above 47,xx. If we go under 42,80 we could easily test prices below 40. The only support will be 41,47. I'm still holding long, but I have time.
Corrigor still holding. I'm longterm long oil, holding positions in XLE, ERX but if 44,20 is broken we will see oil around 43.
And I didn't beleived my own chart and bought in too early.
Bought at 2,59 - great thanks to chartwatchers/Arpi! I would wait now to see if resistance line will be broken before entering the trade as the risk reward is not good now.
I'm selling Today all my GLD and IAU stocks. I don't see clear trends, S&P & DJI making new records. I will step aside and wait for new entry. I want to see strong break out from at least the small triangle and first support at app. 1342. It could reopen with gap and honestly I don't know which side N/S will be. If gold goes back to 1336,50 today I might reopen...
I was not sure on Friday but now it is clear that we have to wait for the gold to come out of the Triangle - if it breaks up TP 1345, TP2 1370. If it breaks down 1318 / 1310, I don't belive it will go below 1300 without rate hike.