Trading Gold Stocks

Weekly chart

Symmetrical triangle breakout

Inverted Hammer confirmed nicely today on increased volume, closing above resistance. Looking like this is ready to make a move higher and possibly to fill some higher gaps. Not a predication. Potential breakout above (green) trend line above

Direction seems questionable at this time  No position

Update June 14th

No position

A good example of why you need an exit plan, be it to take profits or reduce downside risk

Did you see our intial post on bullish expectations?  Posted below this chart

Nice continuation!

A significant move (signal) for gold today, breaking out above its 200 day moving average on increased volume.

See the setup (before the breakout) below

Reversal?

The accident just waiting to happen, happened.

We continue to avoid.

Bearish stocks will rally but understand the difference between a bounce and the longer term trend.

Every rally has been getting sold into.  Best to just keep avoiding gold I think until there’s a strong signal, with consistent price action and not just when there’s a one day wonder. The last thing you want to do is chase this.