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.

Breakouts: 18 January 2021

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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