JNUG Bullish Falling Wedge/Massive Bull Flag & $1430 Gold?
Is there is a bullish falling wedge/massive bull flag on JNUG, which is a halfway pattern to the upside? If it is, that would mean a repeat
of the action in the miners from mid-Dec to early Feb. Is the rising expanding wedge on GLD/gold bullish and also a
HW pattern to the upside? If it is, that would mean ~ $1430 gold.
“Traders be nimble, traders be quick.” – Art Cashin
Looking for it to happen.
Excellent charts, thanks for posting JL. This lines up with my thinking, however I’m expecting some chop before we test those top trend lines.