Friday, March 4, 2016

Gold Flag Breakout

Gold finally made a move off the triangle consolidation. I posted the picture on the blog incase it's not visible below in email. It's breaking out. I have stop orders out just above resistance on JNUG, IAG and AGQ. Silver has good technicals also with even more room to run until it breaks out. I looked at some old charts from the 2009 gold move and in a similar looking momentum flag as this one it kept running a couple days after the initial breakout. It did have some red days after those but kept going. I'm hoping this isn't a major fakeout breakout because this should have serious legs to run here.

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