‘gold’ Archive

Gold traders/investors…Keep a close eye on this action!

  CLICK ON CHART TO ENLARGE Gold remains inside of this well defined falling channel. Gold is near the top of the channel and the rally of late has taken it to the “underside” of a year long resistance line. IMHO, Gold traders & investors should keep a close eye on what Gold does here! […]

Gold Miners – 65% chance a rally takes place due to this!

  CLICK ON CHART TO ENLARGE Gold Miners ETF GDX looks to have created a bullish falling wedge pattern, which results in higher prices around 65% of the time.  Another potential positive for GDX is that this pattern is taking place at the bottom of this multi-year falling channel with momentum oversold. Bullish wicks have […]

Gold Miners- Bullish wick taking place two weeks in a row?

  CLICK ON CHART TO ENLARGE Gold miners have had little to smile about for the past few YEARS!  Gold Miners ETF (GDX) last week hit its Fibonacci 161% extension level and in doing so, looks to have created a bullish wick at this potential support level. Are we seeing another bullish wick this week? […]