printpdfimage

Gold Stocks Ready Set Go
Created on: 4/25/2021 2:02:08 PM   Last Update: 4/25/2021 2:05:51 PM Posted by: RTT

gold-stocks-ready-set-goLets review gold and silver stock charts, which look ready to shoot higher.

The Richard Wyckoff logic applied to GDXJ (below) suggest the demand and supply accumulation phases are set up for higher prices over the next 6 months. Note the minor pullback (LS = Last point of Supply)  fails to break down into prior prices, this suggest strong demand is present. Also note the terminal shake out (or stop busting run, COVID spike) has allowed the informed to rid the weak hands out of long positions. 


NOTE: This chart is via RTT PLUS membership, from the RTT Wyckoff Campaign (RTT WC) watch section.


GDXJ




The longer time frame BLUE cycle suggest the gold stocks index (!XAU) is near a major peak, but not yet (RED cycle) and there is a window over the next 6 months for higher prices.


XAU



This video cover more readtheticker.com chart studies on the GDXJ.







Divider




NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

.."I latter told my students, 'think in waves' [of price and volume]"..

Richard D Wyckoff


.."It's easier to fool people, than to convince them they have been fooled"..

Mark Twain


.."A government is the most dangerous threat to a man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims"..


Ayn Rand

.."We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"..


Ayn Rand

.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain




© Copyright 2022     www.readtheticker.com (or 'RTT')


Source URL: https://www.readtheticker.com/Pages/Blog1.aspx?65tf=4186_gold-stocks-ready-set-go-2021-04

Public Disclaimer