GXY & ORE Charts below.
It is still onwards and upwards on this wave 3, off the back of a strong wave 1 is great.
You can see it hit around the 1.618 fib level at $5.63 and taken a breather a couple of times closing at $5.66 - $5.67 both from decent auctions.
A half decent lead today, its FRIDAY! a GXY FRIDAY??
The 2.00 Fib is $6.07 and the ratios are below, showing this falls within a wave 3 potential (or higher) but with only 2 more trading days we will then need to move over to ORE to take us to those levels, who's chart is very similar, for obvious reasons. We still have wave 5 BTW!!!! Woohoo.
One obvious thing is the gaps.
Bar a black swan event over the weekend, I think GXY has escaped these, but we need to be aware of ORE, with $8.72 ($4.96 GXY) being the nearest.
What a week!!!
GLTAH
DYOR IMO not financial advice
TA - Short Term Trading, page-1843
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