Loading ...Holding Firm
I mentioned a couple of weeks ago, that gold may test $1200 before the next leg up, and it looks like we’re getting close. I believe this is just a typical final downdraft, flushing out any weak hands that are left at a cyclical turning point. The monthly close will be interesting. Look, rather than me trying to explain, a picture can paint a thousand words…
Thats a beauty Northstar
What a Symmetrical Picture Mr Market has Painted.
Hold that line
Indeed. You’ll notice the monthly bar on the left of the 5 year ‘base’ spiked below the opening apex. I expect the same as we exit the closing apex. Approx $1200. If this works, we should launch from there, and close the month well above that support point.
Many AUS miners now very close to hosting a DCL around 55+ calendar days from their last DCL
I have been saying for some time that the AUS miners follow gold closely and I could not imagine that relationship departing anytime soon.
The USD still has time to host a higher DCH and still be left translated & fail.