Gold miners arragement

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Some gold miners operate synchronously.

They have been falling since the peak of August.

They are quite sensitive to movements in gold prices, maintaining a positive correlation.

They are trading below their 200 day simple moving average (undervalued signal).

Its last 2 peaks have occurred in the first week of the month, 2 months apart.

What is the possibility that another peak occurs in early March?

Either everyone goes up or everyone goes down.

I get the impression that they are going to rebound at the same time.

Penafian

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