FWIW, just a few points for your consideration: US$ index DXY may recover to about 97.8 for a correction up. While this happens POG should show further weakness targeting US$ 1,763 to 1,689 coinciding with Fib 50% to 61.8% retracement of the last wave up which went from US$ 1453 up to US$ 2073. While the above plays out I would think the gap between $4.61 and $4.55 might be the target. The closing of the gap could possibly coincide with EVN's Fib 61.6% correction of the wave starting at $3.29 reaching the high of $6.59 recently.
Looking at the chart there is a possible Double Top, with a theoretical target of about $3.83, if confirmed, but it may not get there, because of the gap and the support around there. The Bearish Rising Wedge I also see targeting the closing of the gap at $4.55.
EVN Price at posting:
$5.54 Sentiment: None Disclosure: Not Held
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