The channel from June is doing its work and everything continue bullish. The gold sector and the miners.
So around the 10th of August we can meet a new top in the channel, that can also be an important top, because the possibility of a touching the top line of a major channel.
But, all of this is just to be cautious. Gold and miners would do what they want.
GDXJ/GOLD Ratio could be around 0,034, that would mean Gold should reach a target somewhere between 2.050 - 2.100 That would fit the sector.
One thing follows the other.
One of the most difficult thing is to follow a sharp trend like the one we are since June. It´s hard because you don't have to no "nothing". If you are an investor, its easy, because that's your attitude, but if you are a trader you look for retracements or even worse, for reversals, tops, and so, and finally you chase the trend. That was my case and a lesson to learn. That's why it is said that buy and holders most of the times do better that traders.
I´m full long since Friday.
But this is so crazy that maybe on Monday I´m regretful....Mean while....relax and enjoy the summer
www.youtube.com/watch?v=nliRP8aO...
So around the 10th of August we can meet a new top in the channel, that can also be an important top, because the possibility of a touching the top line of a major channel.
But, all of this is just to be cautious. Gold and miners would do what they want.
GDXJ/GOLD Ratio could be around 0,034, that would mean Gold should reach a target somewhere between 2.050 - 2.100 That would fit the sector.
One thing follows the other.
One of the most difficult thing is to follow a sharp trend like the one we are since June. It´s hard because you don't have to no "nothing". If you are an investor, its easy, because that's your attitude, but if you are a trader you look for retracements or even worse, for reversals, tops, and so, and finally you chase the trend. That was my case and a lesson to learn. That's why it is said that buy and holders most of the times do better that traders.
I´m full long since Friday.
But this is so crazy that maybe on Monday I´m regretful....Mean while....relax and enjoy the summer
www.youtube.com/watch?v=nliRP8aO...
Komentarz:
I expect the price to be between 69 and 72
Komentarz:
Things are getting ugly..
Komentarz:
but still long.
Komentarz:
We are out of the channel from June and everything is risky now. Could be more fall in the following days. Still some support at 60,35 or so.
Transakcja zakończona: osiągnięto poziom stop:
Exit. It could go either way.
I had faith in the channel when the price touched the bottom last Monday, so the channel deserves the same faith from me when price touches the top next week... and I will sell all my positions.
Good Luck and good night