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Interesting info..Thanks goforthebet.FTUA!!!
Just came in after a 12 shift and gotta say;THERES MY MONEY!!!Anyway guess it took 4 calling crows instead of three French ones.(WHAT???Its not Christmas.)Today we have a so called long lower shadow candle which is a bullish signal on a support level,being 1200(that or a hammer is what I was hoping for yesterday,today is OK.)So, now lets see if its to be or not to be a GOLD RUSH Monday uptrend.FTUA!!! https://www.tradingview.com/x/Xo2xqd7v/
Did ye get'em?
WHERE'S MY MONEY!!!LOL.FTUA!!!
Not shaping up for a Green Gold Rush day.Was looking for them there 3 black(red)crows to work on a down trend rally next to 1200.They must not have been high enough up in the tree.Oh well.In my view it goes to show that when the dollars up or down doesn't mean very much to Gold.It's that dang USD/JPY,so called YEN, that you gotta watch out for.FTUA!!!
Looking a little bit closer to details in JNUG's day chart,if you notice the current price,the black line is a 5.35 support line.Well guess what?Where I have circled the gap down at the support level in Dec. is where Janet yelled interest rate hike.Huuummmm!!!FTUA!!! https://www.tradingview.com/x/t1lbB6zB/
Loaded up on 5.39's just-n-case Gold bounces off of 1200.Waiting on some 4's if it doesn't.If Gold closes green today up we go.FTUA!!! https://www.tradingview.com/x/cRgPs6UE/
Broke under sma50 support of 1211.Now its a resistance.3 French crows a calling.LOL.Next support 1200.FTUA!!! https://www.tradingview.com/x/rSxxLZpD/
COOL!My birthday.FTUA!!!
1200 is my region for today so that this will set up a three black (red) crows pattern for tomorrows reversal.FTUA!!!
Fortunes to us all!!!
Big market hedgefunders are beginning to get nervous.When market begins selling off,Precious metals will be where the profits will re-invest.
As long as U.S. markets are open be ok with me.FTUA!!!
Agree.In on 6's same pattern happening for 4's.Watching for the 2's if it may be.FTUA!!!
Setting my entry point between4.50/4.90.FTUA!!! https://www.tradingview.com/x/f8NtjvK2/
Gold closed below 1217 support.SMA50 is now close to 1212.Gold falling below 1212 puts it at a support level of 1200.Past years shows a major bounce off of 1200.Looking for a gap down in JNUG by PM or at open as long as gold doesn't bounce AH's tonight or before U.S. markets open in the mourning. https://www.tradingview.com/x/eQfYkWqf/
And China is VERY upset at us for our actions in S.Korea.Oooops.FTUA!!!
Golds new channel,for now.Support at 1217.Break below that support at SMA50 1210.Below that ?????????.Hoping it doesn't go below that setup for Golden cross begins to fade.FTUA!!! https://www.tradingview.com/x/WhUdRapg/
As of todays date the squeeze is showing est. between 4.90 & 5.80.Going to be interesting to see how Gold performs to see how JNUG breaks out in the coming days.FTUA!!! https://www.tradingview.com/x/ZJoBcHVQ/
USD/JPY drops below 113.675 then Gold will take back off into the '60's.FTUA!!! https://www.tradingview.com/x/Ip766Wdl/
Short term charts are to nerve racking for me to try and keep up with when im working 12hr shifts.So I stick with the daily charts.I miss a lot of should have or could have plays.LOL.
Closeup:Im watching the red line in center of the channel as the resistance point,it is forming a downtrend wedge,watching for NG price(not futures)to break this line and black upper line for possible uptrend to start.Light blue line is start of 2016 uptrend. https://www.tradingview.com/x/q16VuCLn/
Whooops!Missed support @ 2.58. https://www.tradingview.com/x/TErFXgAG/
NG is in downtrend channel.Did not bounce up off of last years uptrend channel.May see bounce up out at 2.40 or 2.10 support. https://www.tradingview.com/x/XoQUdJL1/
Even though there was a dramatic drop in price were back to normal now.There has always been about a $2 price difference between JNUG and NUGT.As Gold went up the price difference continued to decrease at one point just a few days back it became as low as only a .38 difference.Wasnt sure if this was good or bad.Now I see that when this accures they do a price adjustment.I saw this also happen a month or so back when the difference in price was around $1.Were back at $2 now.The situation now is for those of us that are still holding at the higher price levels is that Gold only has around $40 to go to hit its alltime downtrend in the 1290's.Maybe now there will be a dramatic increase in buying pressure to raise the price back up or watch to see if Gold's sma50 crosses its sma200 to propel Gold up above the alltime downtrend level to who knows how high Gold could go then.Untill then GFTUA!!! https://www.tradingview.com/x/lKrp3LSd/
The fact is:These ETF's are now in a "WHAT IF" stage.Gold only needs to go up $40 or less in 30 days or more to reach its alltime downtrend line.Then gold will be at a "WHAT IF" point. https://www.tradingview.com/x/iXLJ4Ep3/ FTUA!!!
That was fast.Gold has broken up out of channel already.Watching to see if the pattern will follow as the Internatiol Markets open and close today.FTUA!!!
Worked yesterday missed dip.Rrrhhhh!New Gold channel uptrend started forming at 3amet.FTUA!!!https://www.tradingview.com/x/xZ0Pc5RO/
Past hour confirmed downtrend channel. https://www.tradingview.com/x/QPPbkuIc/ I be back Wensday.FTUA!!!
Yep.Time is on our side.Oooops gold broke out of channel.Gotta go re-adjust.FTUA!!!
You may now this already but uptrends 20sma rides above 50sma.My fathers son showed me this to help me but I wouldn't listen cause I wanted a quick buck.So now ive BEEN trying to discipline myself to listen to what he shows me.When the hourly chart seems to take to long I go to the daily and WOW what I could have and should have done. https://www.tradingview.com/x/W2A2FveD/ FTUA!!!
As of now I feel safer by using the 1 hour chart w/the 5,20,and 50sma in all my charting now.It takes longer to see what is going to happen but it hasn't tricked me yet as the 30 minute has.As long as the 20sma stays under the 50sma were ok.IMO. https://www.tradingview.com/x/x1NRgZ3p/ FTUA!!!
I think its very possible the way its headed down.Watching that and the DXY is what stopped me from selling a few moments ago.FTUA!!!
New hourly uptrend channel.Need few more hours to adjust itself?Hummm. https://www.tradingview.com/x/fH8R4YaJ/ FTUA!!!
Don't leave!Post'em to me goforthebet.I'll read'em with kindness as I have read your other post on JNUG board and you didn't even now it.Thanks.FTUA!!!
Profits,YES!Still holding mine.Im in a small profit zone.I do not own many shares to work with,yet.Started to sell mine a couple times in the past few days.Sure was hard not too.Had to start my own way of watching Gold prices instead of watching JNUG prices to try and HELP ME CONTROL MY DECISIONS so that I can maximize my earnings.So far so good.That may change today.I seem to panic when prices start going down and sell,when I should just hold on.LOL.IF,and that's a big if,i can learn to see a downtrend coming to where I can profit and re-enter to where I can gain shares is my objective.By the time a see a downtrend happening most of my profits are gone.Anyway,blah,blah,blah.GFTYou & GFTUA!!!
GM JNUGian's.Gold has just broken up through the sideways channel.YAHOOO! https://www.tradingview.com/x/U9vTeqBr/ I be watching for next couple hours to see how gold performs now.FTUA!!!
Looked like Gold was starting a downtrend but has changed into a sideways channel.May change when more International markets open.(Hopefully uptrend) https://www.tradingview.com/x/jp0aHvlQ/ GN&FTUA!!!