Breakouts: 18 January 2021
Gold looks to be teetering on the edge. I look at the commodity, a JSE gold stock and a US gold stock.
COMM:GC (Gold)
Well on it's way to the support at 1779. A break below that level would be very negative going forward.
JSE:HAR (Harmony)
Descending triangle. Series of lower highs. Heading towards 6214 and possibly lower.
US:KL (Kirkland Lake Gold)
Descending triangle. An argument could even be made for a head and shoulders pattern. Not looking good at all...
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