I am charting Gold stocks, what about you ?

Between now and December, I am charting ASX  listed Gold stocks which also includes GDX.ASX ETF. Fundamentally sound producers not specy stuff that is. I have covered number in the past and positioned myself with one in the last week or so for the rainy day/days. Here is the daily Gold chart overnight which has given me a bullish bar at where ( position in the bigger picture) it matters. Remember that Gold PnF chart with a bearish short term target ? Looks like it has worked beautifully in predicting the down move.

As always, will we see a follow-through or lack of it in the next few sessions is what I am looking for. Short term charts are now for utilising for an early low risk higher reward entry should the trade be successful.

What to look for ? Successful tests retest within the “Box of Tricks”. Simple as this…

Daily precious metal Gold chart is courtesy of StockCharts.com



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