As we know the gold price in general was artificially discounted is not real, to make it more accessible as an opportunity to buy ( For large international investors ) , it is logical to think the main general perpective indicators of a change in trend will be the mining companies area (gold ), is not clear the when?, bus is clear the : The turbulence it will...
A few weeks ago we detected a bottom triangle which technically failed but it looks now the picture is more bullish than bearish. 17 Buy signals and only 7 sell signals. Make your decision. There is a good chance this could easily hit $42 sometime in this year. Go www.2waytrading.com
AEM cleared 50-200 sma, breaking out of resistance, Range Clones.
Currently at 2012 DownTrend_Line.
Potential Bat and Gartley confluence, at D, 5th Wave, 200 sma Weekly.
Looks like a Crab. I started from the gap as I deem it important, but I don't think it's an ideal place to start from. Kinda two ideas fighting here: 1) a gap is an "important" area and a measurement could be started from there and 2) a measurement should start from a pivot. This gap does not provide a pivot.
The volume has been increasing on the bearish move lower. EMA’s are headed bearish steadily following this move lower. The SMA’s gave a bearish cross recently. Stochastics are giving a sell, RSI is headed lower and MACD is giving a sell. The BB have been broken bearish and ADX is headed higher from being sideways. Yesterday there was a bearish retest gap with the...
The precious metals have come under some decent selling pressure, as GOLD is trading around $1275/oz. Following suit are the gold miners and Agnico Eagle Mines Ltd (USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below...
