JNUG rise will fill gap in next 6 weeks with gold on the path to go above $1300 to at least $1338 in the next few weeks especially as Sell in May comes into play with global growth slowdown impacting earnings for many companies especially Blue-chips. The view of gold as safe-haven asset in times of volatility and turmoil will help this rise in addition to it...
Gold currently testing resistance and should break through to between $1335 - $1417 levels. Break above $1417 should take us to next resistance at $1565 provided global growth concerns get worse and global depression gets worse. Make no mistake the world is in recession and this earnings season is showing how bad. NOTE: Horizontal lines are my support/resistance...
This chart shows overall gold trend and has resistance and support levels that I believe it'll be hitting on it's way higher. $1595 by 2nd to 3rd quarter 2017.
EURUSD headed towards a retest of two key resistance levels that may allow it to resume uptrend. The first of three red lines needs to be passed to confirm bullish sentiment. Second red line at 1.1272 is crucial on bullish advance strength. If this resistance level is rejected again prepare for a pretty decent short opportunity in my opinion of about 150 - 200...