JNUG Inverse Head and Shoulders break plus bullish MACD

Here comes the moneyyyyy...... Or the gold to be more specific. Gold is going to have a great year, today the FED is confirming a more cautious approach to rate hikes and that means a weaker dollar and a stronger gold. Junior Miners are about to catch up and the JNUG is confirming a break out of an Inverse H&S pattern plus a bullish MACD cross on the daily chart. Start buying with a target of $14 + and pout your stop loss just behind the neck line.

This information is only for educational purposes. Happy trading.

Trade attivo:

We retested the neckline and we’re on the road to our target.

Trade chiuso: obiettivo raggiunto:

Our target was almost reached but all gold related assets are observing a correction due to the FED minute that implies that rate hikes are still possible in 2019, so a stronger dollar means a weaker gold. I still think there is a lot of room for gold, gdx, nugt and jnug but I prefer to take profits and enter later again at a better price.