Downward trend definitely broken after trading well past the $3 top before the rapid decline into March and into the double top @398
Daily RSI has falling sharply and past its upward trendline from March, through June bottoms and may have a little more to go short term. I'd expect that to happen if we see some weakness in the gold price.
If it does, then plenty of support around $3.
- Major band of resistance / support. It spent a bit of timing working through this on the way up, so should act as solid support.
- 618 of range 531 - 162 = 303
- 382 of range 162 - 338 (double/triple top)* = 308
*Monthly bar will close under these tops highs but not closes.
Downward trend definitely broken after trading well past the $3...
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