get the blinkers off guys
this is not rsg specific - this is a bot driven technical pattern. i refer you to bdr, sar, rrl, etc etc
if you look across the gold sector there's a pretty clear pattern that majority of the large cap gold stocks are being driven south. if i look at the technical patterns, most have done a minor head and shoulder pattern they are now completing sicne gold bottomed at 1180 and rose back up.
spot golds been rising but gold equities falling - this is bots driving mining stock prices so that - when they turn positive ont he sector - they extract max returns
suggests bottom for rsg could be the 97c low it hit previously
typically those gold stocks still rising will end up capitulating later
but what i cannot tell is whether gold is about to roar north and this is a false breakout/.shakeout of gold shares - or if its about to be sold off.
personally with french election on this weekend I wouldnt expect gold can move too far south until that event is out of the way.
but clearly a lot of manipulated hijinks taking place
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