Longer term trade setup for Canadians in RRSP or TFSA Since no shorts can be taken in RRSP or TFSA in Canada be patient and plan out the longer term longs with the highest probability of working out. The being patient part is still a significant challenge for myself.
Two options for entry if things work out and ABX gets this low. Like anything else in life there is no gaurantee price will get this low but if it does it is best to be prepared and have a plan. Plan your trade and trade your plan.
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ABX is still trending down but has a way to go before any long entry can be considered. A trader/investor life is being patient and getting the best opportunities.
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ABX Slowly playing out approaching high time frame demand. GOLD showing weakness helping push gold miners down. Still a wait for a good trend change on the weekly charts.
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BX Slowly approaching the Monthly Demand zone. It appears there is a new Monthly Supply Zone that formed above. This chart needs to be updated to reflect the new zones reality.