Gold stocks sentiment indicator.
XGD short term chart. Sitting on support.
Any breakdown is likely to be a false one.
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The reason - there is a second level of support that begins at 6,328 on the longer term chart.
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Never seen sentiment behaving like this before but then again, these are unusual times.
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Looks like one of my targets may be hit and several other stocks are setting up targets.
If this continues then these are classic signs of a new bull market.
Cheers.
