Its shot up too much without any serious pullback to confirm more upside and the drilling result seems to have already been digested in the market..
From here anything can happen in this area, if gold keeps going up then orange could be the case, if Gold tests below $1900 then we most probably be going zigzagging yellow..
ps: weekly chart.
All in my opinion, not a financial advice!
Technical Analysis, page-86
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13.5¢ |
Change
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Mkt cap ! $13.84M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 19999 | 13.5¢ |
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| 14.0¢ | 20100 | 3 |
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