{"id":10536,"date":"2022-04-01T05:19:01","date_gmt":"2022-04-01T09:19:01","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=10536"},"modified":"2022-04-07T07:22:42","modified_gmt":"2022-04-07T11:22:42","slug":"gold-stocks-2022","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/gold-stocks-2022\/","title":{"rendered":"2 Hot Gold Stocks Ready for Potential Buy Entry Now!"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/charts\/2021\/gold.jpeg\" alt=\"$GDX weekly chart\" class=\"wp-image-10540\" width=\"717\" height=\"393\" title=\"\"><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/gold-stocks-2022\/#Gold_mining_stocks_have_woken_up_and_may_soon_rocket_to_new_52-week_highs_Heres_a_simple_walk-through_of_two_hot_gold_mining_stock_charts_setting_up_for_potential_buy_entry_now\" >Gold mining stocks have woken up and may soon rocket to new 52-week highs. Here&#8217;s a simple walk-through of two hot gold mining stock charts setting up for potential buy entry now!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/gold-stocks-2022\/#Gold_Miners_ETF_GDX\" >Gold Miners ETF ($GDX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/gold-stocks-2022\/#Gold_Fields_GFI\" >Gold Fields ($GFI)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gold_mining_stocks_have_woken_up_and_may_soon_rocket_to_new_52-week_highs_Heres_a_simple_walk-through_of_two_hot_gold_mining_stock_charts_setting_up_for_potential_buy_entry_now\"><\/span>Gold mining stocks have woken up and may soon rocket to new 52-week highs. Here&#8217;s a simple walk-through of two hot gold mining stock charts setting up for potential buy entry now!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The SPDR Gold ETF ($GLD), which mirrors the price of spot gold, drifted in a lazy, sideways range throughout all of 2021.<\/p>\n\n\n\n<p>However, $GLD recently jumped to a fresh 52-week high after the Russia-Ukraine war broke out in late February of 2022.<\/p>\n\n\n\n<p>Individual gold mining stocks have been following a similar pattern, heating up alongside the price of spot gold.<\/p>\n\n\n\n<p><em>Continue reading<\/em> to discover the ideal buy entry points to profit from two top gold mining setups now!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gold_Miners_ETF_GDX\"><\/span>Gold Miners ETF ($GDX)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Gold Miners ETF ($GDX) has been consolidating near its 52-week high for the past four weeks, and is now poised for a breakout to new highs.<\/p>\n\n\n\n<p>$GDX is an exchange traded fund that consists of a basket of individual gold mining stocks.<\/p>\n\n\n\n<p>Notice the bullish price consolidation on the weekly chart of $GDX below:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-1024x561.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-1024x561.png\" alt=\"$GDX weekly chart\" class=\"wp-image-10540\" width=\"717\" height=\"393\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-1024x561.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-300x164.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-110x60.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-768x421.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-1536x842.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/GDX040122-2048x1123.png 2048w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press image to view full-sized chart<\/em><\/figcaption><\/figure>\n\n\n\n<p>Next, let&#8217;s zoom in to the shorter-term daily chart to determine a proper, low-risk buy point:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-1024x564.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-1024x564.png\" alt=\"$GDX daily\" class=\"wp-image-10554\" width=\"717\" height=\"395\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-1024x564.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-300x165.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-110x61.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-768x423.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-1536x847.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-4-2048x1129.png 2048w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press image to view full-sized chart<\/em><\/figcaption><\/figure>\n\n\n\n<p>On March 29, notice that $GDX gapped down and undercut an eight-day low, then formed a bullish reversal candle and closed back above its 20-day exponential moving average.<\/p>\n\n\n\n<p><strong>The bullish reversal off the lows is a buy signal<\/strong>, with the entry trigger above the high of the reversal candle (above $38.25).<\/p>\n\n\n\n<p>Notice how the 10-day moving average (green line) also converges to provide support at the same level.<\/p>\n\n\n\n<p>As such, a <strong>buy entry near the current price ($38 to $38.50 area) may be ideal.<\/strong><\/p>\n\n\n\n<p>A protective stop can be placed beneath the low of the March 29 reversal bar, as the price should not revisit that area.<\/p>\n\n\n\n<p>We will send a trade alert to <strong><em><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Wagner Daily<\/a><\/em> <\/strong>subscribers with our exact trigger, stop, and target prices if\/when we buy $GDX in the Morpheus portfolio.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gold_Fields_GFI\"><\/span>Gold Fields ($GFI)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Gold Fields ($GFI) is a leading gold stock that also formed a bullish reversal candle on March 29, and is also setting up for potential buy entry now.<\/p>\n\n\n\n<p>As shown below, the reversal bar undercut the prior swing low <em>and <\/em>three-week low, before closing back above the 20-day EMA:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-1024x566.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-1024x566.png\" alt=\"\" class=\"wp-image-10560\" width=\"717\" height=\"395\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-1024x566.png 1024w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-300x166.png 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-110x61.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-1536x849.png 1536w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2022\/04\/TradeStation-Web-Trading-5-2048x1132.png 2048w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/a><figcaption><em>Press image to view full-sized chart<\/em><\/figcaption><\/figure>\n\n\n\n<p>As with the $GDX trade setup, the proper buy trigger for $GFI is above the high of the reversal bar day ($15.33).<\/p>\n\n\n\n<p>$GFI traded above its 10-day moving average on March 31, but failed to close above it.<\/p>\n\n\n\n<p>However, the price held above the 20-day EMA, which is just above the high of the reversal day.<\/p>\n\n\n\n<p>As such, an <strong>entry near the current price may be an ideal buy point <\/strong>for swing trade entry.<\/p>\n\n\n\n<p>Like the $ADX setup, a stop can be neatly placed below the low of the reversal bar day.<\/p>\n\n\n\n<p>Again, we definitely want to immediately exit the trade if the price drops back down to that level.<\/p>\n\n\n\n<p>We already bought $GFI in the portfolio of our <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>nightly stock report<\/strong><\/a>, where members should note our current stop price for this swing trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold mining stocks have woken up and may soon rocket to new 52-week highs. <\/p>\n<p>Check out the bullish trade setups of two hot gold mining stock charts setting up for potential buy entry now!<\/p>\n","protected":false},"author":2,"featured_media":10578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"class_list":["post-10536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-picks-analysis"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=10536"}],"version-history":[{"count":14,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10536\/revisions"}],"predecessor-version":[{"id":11932,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/10536\/revisions\/11932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/10578"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=10536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=10536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=10536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}