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.
Look for positive long term growth, keep an eye on a retest of the downslope on the larger fork.