Need to see some follow through tomorrow.
NGD - has been the standout gold stock - Double bottom
reversal on the 60min chart
GG - put in a solid hammer on the daily chart
NEM - drag on GDX. Down 5% today. Investors dumped on
management/performance problems.
GDX - Chart Link - on the 60 min GDX
chart, as you know for now it continues to hold the uptrendl line,
however there is a gap below that may need to be filled.
Otherwise I drew a small wedge pattern (thin blue lines) should
GDX attempt to bounce off this area, something to monitor.
again clearly there is a lot of news in the coming days which
could spike and gold in either direction, so it's quite tricky
GDX 60 min
Posted by matt on 30th of Apr 2013 at 09:39 am
GDX - Chart Link - once again weak, approaching the uptrend line, there is also a gap to fill just below that
GDX Outside day?
Posted by manpat on 30th of Apr 2013 at 03:57 pm
bullish candle. correct?
yes also I'll do a quick
Posted by matt on 30th of Apr 2013 at 04:03 pm
yes
also I'll do a quick video of how some of the individual gold stocks are looking and post in a little while
Need to see some follow
Posted by rixx on 30th of Apr 2013 at 04:41 pm
Need to see some follow through tomorrow.
NGD - has been the standout gold stock - Double bottom reversal on the 60min chart
GG - put in a solid hammer on the daily chart
NEM - drag on GDX. Down 5% today. Investors dumped on management/performance problems.
GDX - Chart Link - on
Posted by matt on 30th of Apr 2013 at 01:52 pm
GDX - Chart Link - on the 60 min GDX chart, as you know for now it continues to hold the uptrendl line, however there is a gap below that may need to be filled.
Otherwise I drew a small wedge pattern (thin blue lines) should GDX attempt to bounce off this area, something to monitor.
again clearly there is a lot of news in the coming days which could spike and gold in either direction, so it's quite tricky
Update: GDX 60 min
Posted by matt on 30th of Apr 2013 at 10:25 am
GDX - Chart Link - GDX tagged the trendline from the 60 min chart
GDX - Chart Link - off
Posted by matt on 30th of Apr 2013 at 03:23 pm
GDX - Chart Link - off the lows quite a bit, clearly bounced off the uptrend support line that was pointed out earlier