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Gold miners arragement
Equinox Gold Corp.
Gold miners arragement
By amateur_trad3r
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Feb 3, 2021
1
Feb 3, 2021
Some gold miners operate synchronously.
They have been falling since the peak of August.
They are quite sensitive to movements in gold prices, maintaining a positive correlation.
They are trading below their 200 day simple moving average (undervalued signal).
Its last 2 peaks have occurred in the first week of the month, 2 months apart.
What is the possibility that another peak occurs in early March?
Either everyone goes up or everyone goes down.
I get the impression that they are going to rebound at the same time.
Beyond Technical Analysis
Gold
goldminers
goldstocks
Seasonality
amateur_trad3r
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