HUI Daily Chart

So in speaking about those possible in-month jabs down below the neckline noted in the previous post, here is what I have been thinking (and writing about in NFTRH) since the geopolitical hype peaked out.  If support around 235 is lost Huey measures to around 220, which is the low end of the downside target we have had in operation for many weeks now.

There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out.  Then it would be up to the longer-term charts to do the heavy lifting if the daily does fulfill this downside potential.

hui

 

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.