For the gold bulls, the weekly chart does not look good, at least for the intermediate term. Reversal candle right at the resistance. The long-term chart with a months-long rectangle still looks bullish, though. OANDA:XAUUSD
Proper head and shoulder pattern. Several junior gold miners also display constructive price action, which is positive for this stock. Price is approaching to the neckline. But it is up several consecutive days so better wait for a small pull back before initiating a position. But overall NYSE:EGO looks great. Also check out NYSE:HMY
