Gold miners showing strength $AU $GFI $HMY $GOLD

Gold stocks were showing extreme relative strength last week with intensive bearish sentiment in banks, seeing RSIs between 70-80 and RVOL above 2. ATM we need to see some pull back to get a favourable RR setup. With the bailout news over the weekend I suspect we will certainly get a chance for a dip into support like we've see most days last week. GOLD is still a favourite as it has the best RR, trades the most vol, and has a decent ATR compared to the price. $GOLD also had a fakeout below the $15 pivot which is a positive. Also, the ticker name is GOLD so probably the name that most would gravitate to as it's easy to remember. Keep these on watch this week!

Comment:

$BTG might have the best looking setup. Haters will say it's a H&S