Loading ...Area To Watch – $1260
As long as this holds, and the breakout is confirmed, we’re on for $2000+ in the next couple of years. I think a back test to $1260 would be healthy, and a pause for a week or two. Anyway, the market will reveal itself in good time. Sit tight and be right as they say 😉
Thanks NS. I wonder if we will see a pullback in the miners in the next few weeks and then a big move up to try and catch us out.
It’s possible OJ. I’ll have a quick look at support levels…
Using the uptrend line I track from the $250+ low in 2001, we only need a monthly close around $1253 for it to hold. Agree we need a pullback and consolidation for awhile. Until the 1st or 2nd week of Sept would be great.