I have found an interesting setup in gold. Inverse head and shoulders inside a 10 year long cup and handle, where we are at the handle part. Indicators are starting to show some strength and cycles are up, I think we will see a nice rally in the coming quarter for precious metals.
Commento:
So, right now we need to see a weekly close above the neckline, somewhere around 1911, that will be the buy signal.
Commento:
Stop loss for speculative investors is a daily close below 1760, for more conservative, long term holding investors it is a weekly close below 1670.