GOLD trade ideas
April 19: 16-C's$GLD $ABX $GDX levels to watch for possible profit taking or exit as time can limit the typical trend following
ABX.TO on watch for hourly equilibrium, a potential swingI'll be watching ABX.TO tomorrow for a potential swing entry. My entry stop will be below the last hourly support and if I do take this trade, I will monitor any SPY consolidation to ensure my position is not in danger.
Key resistance 17.40
Barrick Gold (strong buy)Moment of truth. Next week we will se if Barrick Gold has found its bottom. Strong buy is my recommendation.
good luck to all an especially myself :-)
ABX Bull ChannelLook for strong resistance at the $25.40 area, with retesting the bottom of the channel.
This has broken out of the bearish trend from August of 2016, with RSI trending up (clear bull divergence here).
