P. Radomski
CFA, Editor & Founder @ Sunshine Profits
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/.
P. Radomski Articles
The situation in gold and gold stocks is not stagnant. Something shifted. And the implications are not minor.
Gold price rallied this week, and this got many heads turning. Rightfully so? Let’s check the details and see what really happened. Having said that, let’s take a look at gold’s rally.
What a beautiful reversal in mining stocks! What a tremendous verification! I told you that the head-and-shoulders patterns tend to be followed by verifications, and we just saw one.
So, it happened. The USD Index verified its breakout in a beautiful style. That’s really important for gold price.
Gold miners just moved to fresh 2024 lows, and we saw additional breakdowns. The decline continues, as expected.
In my Friday’s intraday Alert, I wrote that the post nonfarm-payroll rally wasn’t here to stay. It didn’t. As is always the case, it’s a good idea to check for previous analogous situations before claiming that “this move” is real or fake...
What a perfect way to end the year! Clear breakouts, obvious breakdowns, and a major signal from tech stocks. In my recent gold price forecast for January 2024, I wrote about the most important of the recent technical events in gold (gold’...
Gold price has been falling in today’s pre-market trading, but… Given the recent (HUGE!) weekly reversal, does it really surprise anyone?
Did you notice what happened in gold, miners, and stocks at the end of Friday’s session? It was small and huge at the same time.
You do. At least if you want to catch the really big and really profitable moves, and not only the small ones. Let me explain. The accuracy of the RSI (Relative Strength Index) for gold and mining stocks is quite notable. In fact, it’s...
