Goldtent TA Paradise
Ive updated some notes on my HUI monthly. As you can see, I had been expecting a move down to 60 but now in conjunction with CRB and even shorter term $USD charts, I think we need to at least consider the possibility that bottom structure is being built here and perhaps we should be looking up more often than down over the next few months. What is...
I’m looking at about $41.20. From there I think we have a chance to reload on a pullback but the structure that forms afterwards will be important to watch to see if we are going to make a run at the 200ema on the daily GDX, XAU, and HUI charts.
Mark has called a bounce …and what a start we had Friday….wow Here is a very good possibility if you are a fan of symmetry . Now there’s some Swing trades worth swinging for eh ?
Here is the longer term chart I am watching Maybe as you show there is a short term bounce coming BUT
Relating to the possible and major short term bounce (long term bottom..?..) in pm => maybe copper has put in a DB. And looking at oil, maybe the hammer yesterday is the sign that its symmetrical triangle will break to the upside. If so, it could mean that XLE is about to BT its huge h&s neckline for the second time (chart from one of my previous...
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