Hi mate, I'm on the move so best can give is iPad chart -...

Hi mate, I'm on the move so best can give is iPad chart - usually a bit blurry on HC.

DEG is currently in middle of a VERY significant breakout.

It's broken from a bullish pennant, above a key POC at $1.025, 100dMA and heavy resistance (old support) which was at similar level to recent highs.

Gold has just tested a bounced off significant POC at $1711.
It's currently sitting right on another level of resistance $1717 (this breaks and hold then that's very good)

I won't lie, I actually day traded DEG yesterday but with Powell speaking and ECB overnight didn't have the cajones to hold overnight - these things happen and sometimes they go the other way so still happy with profits.

A breakout like this could well kick clear but 200dMA also could play as decent take profit level - it's currently testing this level now (yellow line)

There is also a decent chance for a runaway gap (up) if gold market plays ball over the weekend, so factor that in.

All the best mate and congrats holders - great day for all!
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