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JNUG (Gold stocks) Dec 2nd, 2022

Gold stocks

Breakout mode.  Continues to show good strength after this bullish gap up, and today with a bullish engulfing candlestick. Watch the 200 day average overhead; currently at 45.72 as a point of significant resistance and/or a breakout point to move higher.

GLD Nov 30th, 2022

Monthly chart  Got a decent bounce off support this month.
I’m thinking that gold stocks could continue higher but as always with gold, you can expect volatility along the way, especially at higher levels.

GLD Nov 25th, 2022

Classic reversal setup at support, pushing back above the 5 day moving average giving good confirmation of the expectation (see chart below) and could go higher.

 

GLD Nov 8th, 2022

Posted during market hours.

A strong open filling this higher gap (with continuation) and could go higher. Potential breakout.

 

GLD Oct 10th, 2022

Gold / Once again rejected at resistance, the 50 day moving average, and thinking that this likely goes lower.

SLV Sept 30th, 2022

SLV With gold making its move, would watch for a move above this key pivot point to indicate a reversal also for silver.

JNUG Sept 28th, 2022

Alerted on Sept 28 at 23.21 (Free to new subscribers)

JNUG This move today (bullish gap up with continuation) above key points of resistance on increased volume is attention getting.

GLD Sept 28th, 2022 Monthly Chart

GLD It’s not quite the end of the month but by today’s action, thinking this could be a failed breakdown/reversal attempt

GDX Sept 28th, 2022 Monthly Chart  Gold mining stocks are more telling I think with this long legged Doji.  A green close next month would be telling.

GLD July 1st and 5th, 2022

Weekly chart.  Make or break zone. Downward (negative) bias; based on continual weakness that I’ve been observing with silver, etc.

GLD July 5th, 2022
It’s only Monday, 1 day into the week and is already confirming more weakness.

GDX GLD SLV May 31st, 2022

Bear flag confirming at resistance.  I continue to avoid gold and silver
Update June 10th, 2022 Good continuation after the bear flag confirmed on gold mining stocks, and could go lower.