The US Dollar is squeezing between the 50 and 200 sma on the 2hour chart. A break in either direction is possible. JNUG or DUST dependent.
Commento:
Here is what I expect for Gold. Last pullback was 5 days. I suspect we are going to get another 5 day pullback. We are currently on day 3. I could see 1232 as a low, then a move higher for gold to 1285. Miners should show some life soon as they usually lead.
Commento:
Starting to take a position in JNUG here. My target of 1232 gold and 7 jnug have been hit.
Commento:
The underlying ETF for JNUG is at 50% Fibo. Promising point to move higher.
Commento:
Miners should find support here. Note the red dotted line.
Commento:
GOLD perfectly found my target box 1232. Looks like its starting to move higher. Miners are not. I expect miners to lead higher, so this may not be the bottom.
Commento:
Since the underlying etf for JNUG is GDXJ its probably better to watch that one. I still see support at the red dotted line. 61.8% retrace is probably going to happen. I believe that number is 33.5
Commento:
Support holding, buying more JNUG here.
Commento:
Last chance, better hold...
Commento:
GDXJ still holding, consolidation in progress. Wait for a solid volume turn to buy.
Commento:
This horizontal consolidation continues. I don't think its a bear flag. I suspect the bottom is in.
Commento:
Minsers holding up pretty good. Low is probably in for miners, but more downside expected in GOLD. 1188 target
Commento:
Right shoulder holding. Looks like it wants to move higher.
Trade chiuso: obiettivo raggiunto:
Good profit, trade closed on JNUG manually
