G88 gearing up for some big moves anytime before Christmas GoldG88 is riding above the well respected 100SMA after crossing above for the first time in July this year for a long 2 years.
I see this ascending triangle ticking along until Dec 31 at the latest but with XAUUSD Gold price movement lately this move could come a'lot sooner.
Option 1 - G88 keeps riding the upward trend until popping through the 9c resistance. From there on I expect 13c will be the first stop.
Option 2 - We get a rejection and fall below the rising trend and drop down to test previous 5c support.
Accumulating a healthy holding of these guys but making sure to keep a tight stop loss set. Markets are volatile at the moment... Plenty of money to be made but make sure to secure you're profits and not get too cocky.
