Loading ...Gold Consolidation
Gold somehow feels more bullish than this pennant suggests. It could still break either way. Keep all options open and trade accordingly!
Gold monthly also right on channel resistance. This could be tougher than we think to bust through………..
http://charts.dacharts.net/2015-10-07/d1163.png
backtest so far to line breakout.. note the backtest before to the underside when it did a false breakout to the left
If you look at DUST for instance, it’s hard to imagine we can breakthrough right now. Maybe on a pullback. Weekly GDXJ also smack on resistance. Just seems like a lot to overcome right here and now.
http://schrts.co/WiJpLs
im now heavily favoring your pull back scenario