Speculative long idea for Gold Miners ETF
Guess it is possible to get 15-20% gain here in less than 2 months.
- The Bearish ‘Bat’ pattern is forming, point D can be near 16.
- Bullish Harami near the lower Bollinger band can be treated as a reversal signal in a short time trend.
- Point D is on the way of 200 day MA.
- A positive gold seasonality from the end of December till the beginning of February can be a fundamental support for this assumption.
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