Gold Miners Attempting To Confirm Reversal. Risk To The Upside

in #trading6 years ago

I took a look at Gold just a couple of hours ago in this post, as it looked to be on the verge of a breakout. To stress the point, this isn't confirmed until price closes with a confident break above key levels, but Gold miners are also looking to follow suit, as can be seen by the potential inverse head and shoulders in the above chart.

This has been a hugely unloved sector for a seriously long time so if this confirms, it should present a number of opportunities in the mining space. I'll be keeping a look at individual names for trading opportunities going forward.

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