Loading ...HUI : GOLD
LOOK at the RSI
It is a PERFECT study in how it is supposed to work
Incredible really
So far ( for the time period) if one would buy at 30 and sell at 70 ( as the book says) one would be doing very well
For new comers …Th HUI:Gold Ratio has a very strong Correlation with the price of Gold
When Miners are outperforming gold on a % basis…. Gold is going up.
This chart is saying up for a small bounce .
Just curious — what specifically in the RSI indicates it will only be a “small” bounce?
The trend s down so likely to continue lower highs
Fully, does it need to get to the lower line before the bounce? i.e. going down to 0.125 before up to around 0.137?
Actually, looking at the past parts of the chart, it would be a mid-channel bounce, like the one in December 2017 perhaps…