XSO 0.86% 3,001.9 s&p/asx small ordinaries

I still see Gold in a consolidation with no indication of when...

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    I still see Gold in a consolidation with no indication of when or how it might break up or even down.

    Momentum remains positive though weakening short term (due to sideways movement).
    I cannot discount the possibility of a false downside break first before resuming another leg up.

    GLD.JPG

    I do see the development of a large Head & Shoulders pattern in NCM.

    Should it materialize it will mean gold is also heading higher but other stocks will also have large(r) percentage moves.  

    NCM.JPG
 
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