Slope of Hope Blog Posts

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The Gold Stock Road Map

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It’s a long and volatile road for the gold miners

A daily chart snapshot of the current technical situation for the HUI Gold Bugs index shows a small Head & Shoulders pattern that formed in July-August as noted in this August 28th NFTRH premium update (now public) before it broke down.

So we have Huey holding the neckline of an ugly little pattern today. What I find interesting though is that if the neckline is lost the pattern’s target would be around 178, which… is support area per the weekly chart.

You can see both charts as they were in the update linked above in August.

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