Gold miners showing strength $AU $GFI $HMY $GOLD

2023年3月19日

Gold stocks were showing extreme relative strength last week with intensive bearish sentiment in banks, seeing RSIs between 70-80 and RVOL above 2. ATM we need to see some pull back to get a favourable RR setup. With the bailout news over the weekend I suspect we will certainly get a chance for a dip into support like we've see most days last week. GOLD is still a favourite as it has the best RR, trades the most vol, and has a decent ATR compared to the price. GOLD also had a fakeout below the $15 pivot which is a positive. Also, the ticker name is GOLD so probably the name that most would gravitate to as it's easy to remember. Keep these on watch this week!

2023年3月20日

註釋

BTG might have the best looking setup. Haters will say it's a H&S