Here is a quick look at gold which had impressive intraday action today and looks good for a move higher.
Support - 119.57
Next target - 122.19
And here is a weekly chart of a gold stock that I like here which is at multi year highs. The close above 4.25, the previous high from 2006, was important today.
For some more gold picks, here is the link to a post that I did yesterday.
Take care and good luck!
4 comments:
What is your opinion on NG? Thanks
Nice catch! I like it here. Nice bounce of MA(50) and MA(200) today. First target - 7.20 if gold continues to cooperate. Good Luck!
Chart does look great. I believe NSU only has one mine in a sketchy African country. So there is country risk and mine risk. Due to this, there are much better alternatives like EGO, IAG, etc.
Thanks for the info! As always, I have no idea except for the chart as I believe all the information should be factored in already. AUY also looking good.
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