My take on it is: the price is making a normal retest of new, recently established, support level of 8.8c. I expect a resumption of the uptrend at or above that level. Stochastic is in the "oversold" area and MACD whilst having crossed over is still in positive territory - normal in a healthy retracement to new support level.
Nice action on the spot gold price as I type; up $US21.20
I halved my holding of RAU's recently at 11c and plan to buy them back Friday morning. To me, likely downside risk is now small at less than 10%. Having said that, a close <8.6c will see me exit.
DYOR folks.
BIG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
