As a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings.
Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This...
Head And Shoulders Top
The head and shoulders pattern forms when a stock's price rises to a peak and subsequently declines back to the base of the prior up-move.
Hopefully, bullish sentiment in metals will carry this. Bit of a miss here on financials, expected better performance, falls short, not a total miss, but definitely falls short. Future looks good, but this might be oversold short term, I'm looking for a pull back and sellers unless the market carries this. Good luck
I'm looking to get into SAND December calls.
~Gold Is looking really good and going off of past history, end of November is a big run for gold and silver.
~SAND has a nice looking inverse Head and shoulders going on.
~SAND also bounced off of the long term support
8 Bucks is my PT, as that will have the most resistance. I will also be watching if it breaks out...
sand recently saw a bounce off bottom trendline resistance, now ready for a move higher now that this short term bottom is in.
look for a break over 6.9-7 before the next leg up!
price targets:7.42/8.17/8.92 after breakout confirmation
Price has broken downward trendline on daily chart.
Price is reacting off of 61% fib retracement of last leg up on weekly and monthly charts.
Price is reacting off prior resistance (peaks) on weekly and monthly charts.
Price is back testing downward trendline on daily chart.
Looking to go long at this level and on break above last peak on daily chart
