HUI has just broken the lower limit of the trend channel, but also the support at 170 pt (fib retracement 38.2%).
This is a very bearish sign, if it doesn´t turn immediately to re-enter the comfort zone.
If not there is the risk that HUI would fall on 143 pt (fib retracement 23.6%) - with only one support line in between (160$).
What is estonishing as well is the big gap between the HUI index course and the course of Gold. This "cries" for a correction and I wonder which it´ll be? Gold down or HUI up?
Indicators are signalling more weakness so I do not expect that HUI goes up with the consquence that Gold will also have some losses.
This is a very bearish sign, if it doesn´t turn immediately to re-enter the comfort zone.
If not there is the risk that HUI would fall on 143 pt (fib retracement 23.6%) - with only one support line in between (160$).
What is estonishing as well is the big gap between the HUI index course and the course of Gold. This "cries" for a correction and I wonder which it´ll be? Gold down or HUI up?
Indicators are signalling more weakness so I do not expect that HUI goes up with the consquence that Gold will also have some losses.
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.