It broke out yesterday and I am aware it was also dependent on a continuing gold rally today. I am not really looking for a quick trade in gold stock hence I have been watching gold daily and closely trying to find evidence of a momentum reversal. Currently the V shape rally usually runs out of puff and followed by a pullback. The pullback trough is what I am looking to see if it is higher than previous trough.
I stopped FOMO but I like the RMS chart for a couple of reasons;
The current sell off did not affect value destruction that much relatively speaking.
Range defined and any breakout and pullback should offer a range support
I'll wait to see if there is a pullback and very much dependent how gold reacts to some soft resistance. We await....haha
