GC - Gold Bugs under pressure

14 нояб. 2016 г.

Here we have a clear zoom through the centerline.
As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside.

Keep in mind that the two grey lines are a potential support...I would not ignore this.

Waiting for a pullback and see what's going on.

18 нояб. 2016 г.

Заметка

The short was initiated at the pullback.
Here we are at the critical level of support from the prior highs.
If we manage to close below the lower horizontal support line, then I see price down at the L-MLH, around 1140 or lower.

23 нояб. 2016 г.

Заметка

...and the drag continues - what a burden this must be for the long-bugs.

5 дек. 2016 г.

Заметка

L-MLH is target:

16 дек. 2016 г.

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Target L-MLH reached.
Now a pullback to the upside.

31 дек. 2016 г.

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So far kind of a texbook reversal at the L-MLH...

Happy 2017!

31 дек. 2016 г.

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6 янв. 2017 г.

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Run Forest run! :)