Trading Gold Stocks

GLD Gold Nice continuation; while breaking out on heavy volume today. See more below.

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Gold Daily Chart Can’t ignore the bullish gap up today (with volume)  closing back above the 50 day average.

Gold Weekly Chart  Liking this reversal attempt at the 50 day moving average.

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GDX NUGT  Was a good trade on gold, but thinking this could be a dead cat bounce here and so decided to lock in profit while it’s here to be taken.

GDX NUGT  This plan (to  assure profits) worked out nicely indeed.

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GDX  Classic drop to pop setup confirming strength. Continuation higher likely above the 200 day moving average.
GLD NUGT

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Gold  Inverted Hammer, confirming  Potential reversal setup.

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GLD  Closed under the 50 day average (by 1 penny)

GDX Gold mining stocks, breaking down

Gold stocks continue to breakout to higher levels in the new year.

Closed above the 200 day average.

GLD  Weekly chart  Confirming our bullish expectations (see earlier charts on this setup below)
Note  Dec 1st, 2022  Closed back above the 200 day moving average. It’s the first time it’s closed above that since June 16th

Important >>  This type of trade may not be for everyone, due to the extreme volatility. Please understand the risk.

See more of my gold charts below to see how I got here.