Gold price has rallied from 1200 to 1320 within 2 months, while at the same time there were a little different story in the gold miners.
NEM showed the best relative strength to rally about 25% in the same time period ; GG was the lagger that only rose for less than 10%.
I also expect there might be a little bit catch-up play among the gold miners.
The North Korea news happened just now may lead to a gap for gold price on Monday, and probably so as these gold miners.
I WON'T turn bearish until I see any clear reversal sign, but if there is one, it might still be a good trading opportunity.
43 is the best SL as it's the gap, fig, and 1.618 extension, while if the reversal sign is strong enough,
I don't mind to use it as my out to make it easier getting my 1:1 1st kick.
NEM showed the best relative strength to rally about 25% in the same time period ; GG was the lagger that only rose for less than 10%.
I also expect there might be a little bit catch-up play among the gold miners.
The North Korea news happened just now may lead to a gap for gold price on Monday, and probably so as these gold miners.
I WON'T turn bearish until I see any clear reversal sign, but if there is one, it might still be a good trading opportunity.
43 is the best SL as it's the gap, fig, and 1.618 extension, while if the reversal sign is strong enough,
I don't mind to use it as my out to make it easier getting my 1:1 1st kick.
Nota
this inside day is my cue, short the 39.00 breakdown, out above 40.00 and 1st kick @ 38.05Nota
Got the 1st kick yo!
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.