Target for $JNUG at different $gold spot prices $GDX $NUGT $GLD
The ascending triangle in the gold price displayed here:
Has produced a double bottom and bullish XABCD pattern displayed above in pink on the
JNUG chart.
A return to the recent highs will likely sendJNUG back into the $76 to $83 range.
Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the inverse correlation with USD is now the primary driving force in the price of gold.
Lower interest rates and (not QE ) QE are repricing the US dollar against major world currencies and gold:
Has produced a double bottom and bullish XABCD pattern displayed above in pink on the
JNUG chart.A return to the recent highs will likely send
JNUG back into the $76 to $83 range.Gold is, momentarily, no longer inversely correlated with the stock market. Negative real interest rates globally and the inverse correlation with USD is now the primary driving force in the price of gold.
Lower interest rates and (not QE ) QE are repricing the US dollar against major world currencies and gold:
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.