GC - Gold Bugs under pressure

14 Kas 2016

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 Kas 2016

Not

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 Kas 2016

Not

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

5 Ara 2016

Not

L-MLH is target:

16 Ara 2016

Not

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

31 Ara 2016

Not

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

Happy 2017!

31 Ara 2016

Not

6 Oca 2017

Not

Run Forest run! :)