The Gold bull market continues to surprise to the upside. Now that Gold is at all time highs, it opens the door to investors who prefer to buy big breakouts.
Here is Liberty Gold with what I think is a bullish running correction, very similar to the one I posted in Gold itself a while ago.
Price unable to make a lower low even after a strong move, MACD has been cooling off while OBV shows very strong dip buying.
Over 1.80 and I would expect to see a strong move higher. It can consolidate for a few more days if it wants to.
IMO, I like small names because they can still "do their own thing" when the broad sector is very overbought. Always manage risk.
Near term risk is a pullback in Gold metal, possibly testing its ATH breakout. I expect it to hold and the bull market to continue for a while.
Here is Liberty Gold with what I think is a bullish running correction, very similar to the one I posted in Gold itself a while ago.
Price unable to make a lower low even after a strong move, MACD has been cooling off while OBV shows very strong dip buying.
Over 1.80 and I would expect to see a strong move higher. It can consolidate for a few more days if it wants to.
IMO, I like small names because they can still "do their own thing" when the broad sector is very overbought. Always manage risk.
Near term risk is a pullback in Gold metal, possibly testing its ATH breakout. I expect it to hold and the bull market to continue for a while.