RMS 6.70% $1.95 ramelius resources limited

I'm no technical guru but I see completion of the of the handle...

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    I'm no technical guru but I see completion of the of the handle on the gold monthly chart - with a break above the upper trend line of a compression triangle - attached to the the cup going back to 2012. Gold has been in consolidation pattern since we hit all time highs in August 2020. RMS has broadly followed and itself peaked in 2020 but with about a one month lag around early September time. By my calcs a close on the monthly in gold above USD1,870 with conform the break to the upside and for RMS a close above $1.60 odd will put us above the 200 DMA and confirm a break to the upside for our own compression triangle.....fundamentals remain as strong as ever and the technicals are slowly aligning..........bracing for lift-off. In the first 9 months of 2020 we went from 46c odd to $2.50. Over the same period gold went from $1,500 to $2,080 odd. Here's hoping for a repeat.
 
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