we are now pretty close to the base of the channel trendline on the daily chart. it looked like it was going to head north last week with what looked like a higher low from the low at 39c but its moved from the top of the channel to the base. looks now like that big dump to 39c was an oversold part of the overall tighter downtrend, which is still firmly in place. i'm looking for a short-term retracement from here so i can get out and have another crack at a lower entry
its tough going while those canadians are selling out.
GXY Price at posting:
14.2¢ Sentiment: Hold Disclosure: Held
