Long
KL: Buy the Rebound in Gold
Positive fundamental and technical backdrop
KL Has been bucking the trend of the general market
Going up in good volume in a down-trending market
Currently looking positive on all time frames
Has broken out of recent historical high just below 24
Following the visible rebound in Gold
Buy the breakout
It's looking a little extended here, however:
Still time to buy in half/quarter position
Stop-loss 23.75/22/18
Target 30
RR 2.08
KL Has been bucking the trend of the general market
Going up in good volume in a down-trending market
Currently looking positive on all time frames
Has broken out of recent historical high just below 24
Following the visible rebound in Gold
Buy the breakout
It's looking a little extended here, however:
Still time to buy in half/quarter position
Stop-loss 23.75/22/18
Target 30
RR 2.08
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.