This small (less than 1%) position is just to gamble on the breakout in the event that it moves to the upside quicker than anticipated. I guess I could pair this with something cheap like
As far as technicals go, %B is showing some divergence on the Daily. This downward move occurred when it hit 1.0 but relative to the trend, this should not have been in O/B territory. To me, this is an early sign that the trend starting a small correction downward-- possibly with the window-resistance acting as the turning point.
This correction should bounce in the 27.00 area (previous support).
Now, obviously, the trend is still up-- gold is still up. TIPS are still up. I'm still long here but I'm managing my risk. I'm holding small positions (5% of my original position, less than 1% of my available equity) now in #gdx and $hmy.
I'm expecting another pullback at the open today in gold miners, followed by further downward movement until the bounce and finally an attempt to break out of the falling window. I'll be attempting to catch these wicks in accumulation mode and build a decent position.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.