Goldtent TA Paradise

$HUI:GLD

1. Simon says:

   January 25, 2019 - 8:35 am at 8:35 am

   Help me interpret these charts. It looks to me like HUI is beginning a bounce from the bottom of the channels. So this is good for HUI bulls, right?

   • Peppermint Patty says:

     January 25, 2019 - 8:44 am at 8:44 am

     Yes for the short-term – if the bounce materializes – for the long-term if it then moves back to the top of the channel – that would set-up a potential break-out and reversal of trend.

     For now sitting at the bottom of the channel has the risk of breaking the bottom of the channel and making another impulsive decline.

     Remember you are looking at $HUI in relation to GLD, i.e., miner’s leading up or down

   • Fullgoldcrown says:

     January 25, 2019 - 8:47 am at 8:47 am

     Simon ..note Patty’s chart is not HUi

     it is HUI:GOLD….the ratio…in a bull market HUI should be stronger than Gold…so far its not been that way during this rally

     Nice chart Patty