GOLDBEES - A LONG MOVEHi folks! I am watching Goldbees. As per my set up, since it has attempted a breakout of 3 months range, the instrument is likely to move up to 71.75 level. Let's see.
Key stats
About NIP IND ETF GOLD BEES
Expense ratio
0.79%
Home page
Inception date
Mar 8, 2007
ISIN
INF204KB17I5
The Scheme employs an investment approach designed to track the performance of physical gold
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous98.72%
Cash1.28%
Gold Bees are likely to Go Up|Buy near 60 with stops at 58 TG 66Gold Bees are likely to Go Up|Buy near 60 with stops at 58 TG 66
Buying Opportunity in GOLDBEESGOLDBEES at great valuation.
RSI showing weakness.
Can add in small tranches.
For Long term you can average whenever it falls.
RSI is around 39, hovering around oversold region
gold bees cup and handle patterngold bees formed cup with handle pattern at weekly chart.
it may go upside in upcoming days.
now a days gold rate is going high due to various reason. so, consider gold at every tip.
last year pivot R1 (53.70) is the next support.
this year pivot range 51.70 is another strong support & demand zone
Goldbees - GOld ETF tradeAn interesting trade if the markets decide to cool off.
With several large world economies selling treasuries..they could be shifting to physical gold..
This might make at first an interesting short term trade to 52.45..an if that breaks out then go much higher...
Might be a great contra market tr
Is GOLDBEES resting at 50 EMA before next movementIs GOLDBEES resting at 50 EMA before next movement
Gold in a strong trendExpecting to reach Rs 48 levels. Clearly bullish. Important resistance levels crossed. Target marked in red.
Long on goldbees with conditionBuy goldbess till it's below 44, according to your risk & portfolio prportion.
Rebalance on mind...In next 2~5 weeks we can get good opportunity to rebalance. Gold to equity will be good bet.
+22% divergence seen since october 21
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Displays a symbol's price movements over previous years to identify recurring trends.