Goldmining
Mountain Boy Minerals - Result in 2 Week - H4Mountain Boy Minerals - Result in 2 Week - H4
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GOLDMINING INC (GOLD) Ready for Next Rally? (+34% Potential)Hello fellow traders,
Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink).
Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has just given off a bullish cross. Additionally, we have increased volume coming in with prices moving up. All of these signals are bullish. The key levels to watch here around $3.40 and $3.60, past which, prices can easily jump. On the chart, I have marked the three likely paths using arrows that prices should approximately follow. Depending on the level of resistance ahead, primarily at the $3.60 level, prices may either jump or correct back down and continue trading in this wedge.
A potential entry zone now would be $3.10-$3.35, with a second entry around $2.75-$3.00 if prices break down to the next support level. An immediate target would be at them most recent highs, around $3.80 (+14%). A breakout past the most recent high could launch prices up to the 1.618 Fibonacci level, at around $4.50 (+34%) in the short-to-mid term. A stop loss could be placed in the $2.50-$2.60 range to be safe, however I am not using one as of yet because my entry was at $2.94. Keep your eyes on this one!
Let me know your own thoughts and comments down below. Remember to leave a like if you enjoyed, and check out my profile for more stock and cryptocurrency trading ideas. Thanks for reading!
Price at writing: $3.24
Spanish Mountain BreakoutSpanish Mountain Gold has broken out following a consolidation period. Their ongoing feasibility study with a combined rising gold price environment should lead to intense gains.
GDX correct from here?surprised to see GDX has such a huge divergence on the weekly chart dated back so long.
if you see value in this analysis please give a like. thanks.
all my favorite Gold/Silver mining stocks are showing reversalsthe RSI divergence with price is worrisome at this point. guts feeling is buy but technical says otherwise. Same as Barrick gold chart. suspect that GDX will demonstrate similar pattern.
Comments/feedback welcome.
KGC- Gold/Silver mining play (Industry)As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March.
It is a higher risk and higher reward play for investors who want to ride the gold/silver trend.
EV/EBITDA TTM, Price/cash flow TTM and many other valuation ratio indicate that KGC are undervalued compared to its peers.
Mining on The Run - GPL Looks Good AgainI invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
Junior Gold Miners Nearing Critical Breakout Levellooking for high volume breach over and through the critical $50 level. Its possible that a once in a lifetime risk vs reward opportunity is setting up on the junior gold mining sector..
Mandalay Resources - Bullish BreakoutThe multimonth range that started in October 2018 was broken to the upside at the end of April.
The confirmation pullback with large selling volume, along with buyers coming in today suggests a low was formed and a new rally is now in.
I'm Bullish On Gold Mining StocksIt's an extremely simple chart, but It does imply a pretty good RRR trading opportunity.
These prices were last seen in 2013, so this is quite a significant break of resistance.
An Obvious Investment. Profits 100%+.Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy.
NGD is in line with its historic lows of 2008 and has only up to go from here. A slowdown is happening, recession is inevitable. Some say that Bitcoin is the answer, but, large investors and institutions will direct their funds from Bitcoin to gold , gold stocks, and precious metal mining stocks. The price of Bitcoin would drop during a recession as investors will seek safe havens. Bitcoin does not have the stability to be considered a safe haven as it can drop 20-40% in a single day. You can rest at night knowing that gold at most falls $40-50 a day, but averages $5-10 swings per day. That is true monetary stability.
- Buy In : $0.90-0.99
- Short Term Target : $1.30 or 30%
- Long Term Target : $7.00 - $10.00 or 600-900%.
The signs are everywhere, the numbers prove it. Most of Europe is in recession. Import/Exports are down. China's GDP is the lowest in 25-years. Brick and Mortar stores are closing faster than ever. Massive restructurings = massive layoffs. This is sounds like 2008 all over again. Be prepared, invest smart.
B2Gold - Huge Volume TodayThe Breakout is confirming as a Trading Range formed with low volumes during the past few weeks.
Following a few weeks of low activity, very-large volumes were registered today.
Price is heading toward the next Resistance of the upper Ranging Channel at $7.8.
This movement could very easily push the price all the way to the next Resistance at $8.0 to a new all-time high.
Support at $7.25 and $7.5
