The monthly chart ended with a doji and the third candle in the rising 3 in candlestick charting, vulture.I expect the trend to reverse this month. In the weekly chart, we had the break out in march follow the retracement in may. In june to July BGS has consolidate in a range between 20c and 24c. After breaking out from a low of half a cent and reaching a high of 3.5c, a retracement and consolidation before rising again is quite normal.I do see 1.9c as support though gold softens a bit last night. I thing gold has seen its low at about 1200s and tend to move higher again from here at the back of physical demand from mainly India and China. Although MACD is neutral in the daily chart, BGS is trading in the bottom channel of the range.
BGS Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held