Short Newmont Mining $NEM

ที่อัปเดต:
1. Trend is down over year and half

2. TTM Squeeze that usually bounces off opposite wall before reversing

3. Hitting resistance trendline repeatedly

4. Under 200ema

I could see this ultimately hitting 200ema, which I would dump everything into going short, but this spot is good for a short as well. Always keep more dry powder and don't blow your load in one go!
บันทึก
Gold/SPX ratio shows gold is touching the top of the trend - which means if it goes lower compared to S&P - there will be a sizable move

twitter.com/badcharts1/status/1592996265859887104
บันทึก
สแนปชอต

Monthly TTM Squeeze is breaking out. Monthly PA bounced off the opposite wall, and now it's retracing its breakdown before descending much further. Beware!
บันทึก
สแนปชอต

Weekly shows TTM Squeeze is building so that may delay the move a week or two. And it's common for PA to bounce off the opposite side of the trend which lasts around 4 bars, so we could have around 5-6 weeks before we see the final descent. This means we will see some news hit the dollar hard, letting gold rocket up a little before reversing hard on some extraneous news.

So 5-6 weeks might be the perfect time to start building a short position if you're averaging in.

Look to an event to happen in January to key off this move.
miningNEMnewmontTrend AnalysisTTMttm_squeezettmsqueeze

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