breakout setupGMD has setup a nice breakout.
Just waiting for confirmation with a new high.
Triangle breakout has occurred already.
2B market cap is a good size and most mid
tier gold miners are about this size.
RED and PRU are other gold miners in the same band.
Time to start accumulating gold miners
are the gold price is due for a major run.
Macroeconomic and geopolitical risks are becoming more significant. War drums are beating harder.
GMD trade ideas
Potential outside week and potential bullish breakout for GMDAs noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), GMD represents a potential bullish opportunity should momentum continue and higher highs be made to confirm the outside week. Stop loss for the trade would be below the low of the confirmed outside week, should it confirm (i.e.: below the low of $1.405 from 14th November).