CEL setup at play, page-148

Time for a look at the setup for both CEL and Gold post the week's activities.
Stale holders continue to be cleaned out at current levels. Once free of this the door is open for a run back into the 20c+ range.

Daily - short term setup
Stock maintaining it's position above the MA + MACD positive cross above the 0 control line + volume increasing = v positive setup. I'd expect to see the 19c topside resistance be tested tomorrow as this overhang of stock is finally getting cleared out + gold price on a surge. A close above this will open the door for a run to the next mark at 22.5c before opening the door for a return into the high 20's / early 30's. Plenty of room to move for the RSI before any over bought signals appear.

With the majority of other juniors / pre producers seeing love last week and CEL still churning at current levels, this presents a nice opportunity to pick up a few more and not feel as though you've missed the boat!


Weekly - medium term setup
MACD continuing to trend towards the 0 control line + RSI grinding higher after printing an oversold reading last July. The holding of the 16c support has been key to setup price action for a more sustained move higher over the medium term.


Gold - short term setup
Sailing away on the upper bollinger band. MACD with jaws wide + MACD pushing further into over bought levels. Do we see a final short term push to the $1,950 - $1,960 level before a pullback / period of further consolidation or will the $1,920 level prove to be the short term top for gold with a pull back to $1,823 before a run a the $2,000+ level?

Weekly - medium term setup
MACD moving through the 0 control line + RSI about to hit over bought levels. It will be interesting to see how price action acts over the coming weeks. Momentum is strong + macro conditions are ripe for an attempt at fresh highs! The question is do we see one final pull back / period of consolidation before this plays out?