One thing that I learnt from March2020 is that anything is possible in the stock market so I won’t rule out your ultimate bearish target but highly unlikely. H&S is quite obvious on our chart but it has played out allready and we are close to a bottom. 23-24c is a bottom and support and if it’s breached we have two more supports. One at 17c and then the ultimate at 15.5c.
Personally I would top up like hell if it gets to 17-18 as they would fill the gap as well. Let’s see how we go out the coming months. TA is all predictions based on the past and it always follow fundamentals. If gold makes a new all time high this year we could break our all time high as well. Good luck to all the holders.
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