Thanks for that video. Interesting harmonic AB=CD right to the cent current low. Excluding today is a 4 day pin (morning star) right on the 52.5 support. As we can suspect that POG/USD is the driver of the sentiment in this sector with another $40 to last years double low, I am holding back from add just in case it gets there. When Ukraine, ISIS not contributing to safe haven and massive USD buying I think the odds of a low test is far more likely. However 10Y US bonds rising while 30Y falling is confusing me on how the market is expecting Feds fund rate. On top of that a selloff US indices adding to that confusion. I am still of the bias sooner feds fund rate hence still bearish POG/USD.
How do you see the gold situation?
RRL Price at posting:
$1.63 Sentiment: None Disclosure: Not Held
DRM Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held