Gold/Junior miners: Time to go long
Updated
Gold has bottomed against long term monthly support, I anticipate a rally from this juncture. I'm entering longs in gold and junior miners to benefit from this setup. Very high probability technical trade.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Comment
Looks like the analysis is correct so far.Comment
Unless gold climbs back over 1260 in a rush, it is doomed...stops sit at +- 1250, holding in case it does bounce. It's mainly a hedge for equities positions.
Trade closed manually
The miners fared better than gold here but look like a top already.
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