HUI Gold Index Stocks. Weekly Log potential scenario. 28/5/2014 ( 15 ) ( some Chart lines and angles when clicked, appear out of place, compared with the picture version, probably was not saved timely, before publishing.. ) Support : 192 - 207 Level 1998 Channel ( Green ) 2/1 Gann angle ~ viewpoint scale Blue break-line channel potential IHS 164, 150, 130
Can you go long $GLD if we get a market pullback? Inverse correlation is repeating again
Blizime sa k velmi silnej rezistencii pri urovni okolo 150
like 2013 Double bottom in place: up movement like 2012 with TP near 370$
The minimum target is 320 as index was extremely oversold in all time frames
Price Action: Yesterday HUI had a STRONG pullback from Fibo RL 61.8% (and new violet resistance line) at ! Risk Mgmt: Raised Stop Loss to entry level to eliminate loss. Correlation: Added Gold Trust for comparison: While GLD has like HUI broken above steep declining resistance line, it NEEDS to jump back above 9y support line as well, watch this closely...
The expected breakout from the falling wedge has finally happened! DMI turning around nicely... Added two new support lines.
DMI has not yet given a buy signal, but the same pattern like back in end of 2000 and end of 2008 establishes IMO. Fibo timeline is experimental (1 and 2 are tops, 3 is middle, 5 and - ideally - 8 are bottoms in the pitchfan).
A long shot with this count? Trying to find a count for the gold stocks online but can't find anything! Any ideas anyone?