approaching strong support, start small building into the uptrend lines. if support breaks, then look to understand broader market action beforehand
Keeping an eye open here, will encounter plenty of sellers of paper gold at these elevated levels. short term target $2,499 and expect a bit of selling then, with a possible continued trend upwards later on past $2,500
Given the reliability of these trendlines in past trades, and macro environment very risk-on risk-off psychosis from week to week, there is a possible retracement coming up... we shall see... would be a buyer at those levels shown
Not looking pretty here for the Qs - if rates keep increasing we will certainly test that lower upward line - trade accordingly
expecting a bounce here - will see what happens at the line. Might break and come back over
Timing is always an issue - but we can see 1st downtrendline is broken, and 2nd tested perfectly. We shall see what Fed does next....
tracking MGM - head and shoulders - potential either way, but trend avg calling to be retested
I do expect this trendline to break, but I am long here and will continue to buy all the way to 15
GO Kurodanado and Yellenado!
we will see what Yellen says, but I am long here. Also long on GOLD.
Sometimes we get caught up in the day to day and hour to hour bars, but if we truly set a bottom at beginning of 2016, then we have a long way to go on this move up.
AUY has, along with all other miners, performed spectacularly in 2016. Long term, this stock, along with others in its sector, are a HOLD. Short-term, expect some profit taking here at resistance ~4.76
Looks like we will be testing the longest term trendline with support down at the .618 fib
Ceteris Paribus, the metals are somewhat stretched to the upside on a short-term relative basis. I see retracement coming.