Gold miners showing strength $AU $GFI $HMY $GOLD
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!
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!Note
BTG might have the best looking setup. Haters will say it's a H&S
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.