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On the 1hr Gold chart the 10,20wma crossed above the 50wma and the price broke and held above upper downtrend line.The level of support is now at 1247.Does the past two days chart formation,qualify as a cup and handle pattern? The 30min JNUG chart also broke above upperdowntrend line w/wma's moving above 50.Jnug has the same similar characteristics and pattern as Gold. Im back in JNUG.FTUA!!!
No.LOL.Im a hillbilly,that works for CTA Acoustics in Corbin KY.They make hoodliners,indash,floor and shock sound absorbers for different car manufactures.
Thank you to Sendme.Your charts have given me interest in learning to interpret charts an a more technical level.I go back to work tomorrow.I work 12hr shifts,4 days on 4 days off,sometimes more.Every chance I can get im checking on my holdings and Gold prices.Thanks again.GBY & GFTUA!!!
Interesting,trend lines on RSI.Hummm!Charts do work for ETF's.I do not use the Gold Futures chart but I do start with Gold US$/OZ chart w/support & resistance points along w/wma's for Golds price movements.Extended view. Close up view for wmas. I can then use that to reference my entry points.EXAMPLE: I'm watching for a sell off next week of Gold contracts to bring Gold prices down to support of 1235 I'll exit JDST and see if I can maybe grab some JNUG 5's.Thats my goal but who knows.Its all up to Gold.
Yes.I entered yesterday PM when 20 crossed above 50.I use the weighted moving average,wma.It's more fine tuned to price movements for me.Works very well on long term trends but very tricky on charts that are less than 1hr short term.
Trump made good decision to pull bill.Chalk one up for him anyway."NO VOTE"!We the people do need a new HealthCare Plan.Obama Care still law of the land.FTUA!!!
Bloomberg update reports that:"Whitehouse is confident that the HealthCare Bill will be passed tomorrow mourning."FTUA!!!
Bloomberg just reported:House not voting today on healthcare bill.FTUA!!!
Oooops!Janets @ 8:45am ET.
Good ideal.Janet will also be speaking @ 8.30et.No work today so I will be watching JNUG close.FTUA!!!
Shew,did a 12hr shift today.Now that Gold broke above its resistance today lets see were Gold may be heading.The dxy daily chart looks good for Gold before hitting support level of 99.48. The USD/JPY daily chart shows a possible turning point. The USD/JPY price is now at its lower uptrend line and bouncing around on its support level. Gold"s past performance,short term,has shown an opposite reaction to the USD/JPY better than it has the DXY.FTUA!!!
JNUG touched the 7.25 resistance level.Now lets see if Gold can break out above 1235 for a run to 1260(This week???).Gold @ 1260 will put JNUG above the 9.00 range.FTUA!!! https://www.tradingview.com/x/36m0TQ34/
Dang,thought I was going to get a 3.50pps Birthday present today.Hummm!.Thats O.K.Still had a good trading day Birthday.I went ahead and Jacked back up on JNUG w/JNUG profit powder today, (since the shares are undervalued now)and now I gotta wait till next week for JDST's powder cloud to settle to have some powder to play with.Anyway,I added 30min JNUG chart were I normally just do days.Felt some things had been left out.Happy St.Patricks Day to all and GFTUA!!! https://www.tradingview.com/x/1PIxHldt/
NG -236bcf or -10% below a year ago levels.FTUA!!!
Future daily price move above the 50wma of 3.00 will put bulls back in control.FTUA!!! https://www.tradingview.com/x/vMaFkKOE/
Getting ready for another 12hr shift.The USD/JPY chart also shows a possible turn in Gold prices.The long upper shadow,be it green or red,is considered to be a bearish signal when it appears around price resistance levels.This is also opposite of Golds last candle.FTUA!!! https://www.tradingview.com/x/hLCWH8qU/