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Important Charts and Trends For US Markets and USD:Gold

Cory
November 16, 2018
Comments (15)

Chris Kimble, Founder of Kimble Charting Solutions, is one of my new favorite technicians. He has a very straight forward way of presenting the charts to his subscribers – as you can see by the charts below. We discuss the difference in the daily and weekly charts for a number of major markets and sectors. Also the opportunities in GDXJ that have presented themselves in December that last 6 years. The final chart of the USD to Gold is a very telling sign about a general trend change that is underway.

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The charts below are in order of discussion. You can click the charts for a larger view.

Daily Charts

Weekly Charts

GDXJ

USD:Gold

GDXJ gold US dollar US Equity Markets
Discussion
15 Comments
    Matthew
    Nov 16, 2018 16:49 AM

    As usual, the best opportunities present themselves when virtually no one is bullish.
    The junior silver miners will beat the sector again.

    SILJ:GDX weekly:
    http://schrts.co/5KFZM8

    Matthew
    Nov 16, 2018 16:50 AM

    The long bond is ready to rise with gold:
    http://schrts.co/rQJtPv

    Matthew
    Nov 16, 2018 16:54 AM

    UUP:GLD appears to be topping below obvious resistance. If so, this should add force to the downdraft when it it comes.

    http://schrts.co/hDhxeF

    Matthew
    Nov 16, 2018 16:59 AM

    It doesn’t show on the following chart yet but gold has been capped today by fork resistance at the 1224 area. A close above it will set-up a very likely move to 1250+…
    http://schrts.co/JPyzp3

      Matthew
      Nov 16, 2018 16:05 PM

      Update: Gold closed exactly at that resistance.

        Ozibatla
        Nov 16, 2018 16:56 PM

        The figure you mentioned Matthew as resistance was bang on. At least for todays close anyway. Im not convinced this rally has enough substance.

    Matthew
    Nov 16, 2018 16:06 AM

    Silver/SLV has been acting well since Tuesday’s low:
    http://schrts.co/qRaCXY

    Matthew
    Nov 16, 2018 16:14 AM

    Though not technically confirmed, I’m betting that the miners have put in a big double bottom and will continue higher for weeks to come. This will be interesting considering gold is going to $400! LOL

    Matthew
    Nov 16, 2018 16:27 AM

    This is by far the best setup since 2016.
    http://schrts.co/AAMXAG

    Matthew
    Nov 16, 2018 16:30 AM

    Priced in gold, the miners are a buy.
    XAU:GLD:
    http://schrts.co/gBU4Fw

    Matthew
    Nov 16, 2018 16:44 AM

    GDX:GLD:
    http://schrts.co/toQbBS

    Matthew
    Nov 16, 2018 16:20 PM

    It turned into a good week for gold:
    http://schrts.co/ANwndy