We have a confluence of supports around the $3.27-$3.34 zone. Considering the gold price has withstood the onslaught of the trade agreement & the DOW making new highs (i.e.positive new flows) do not expect $EVN to fall too much. It is also one of the most profitable gold producers. I expect the price to bottom in the above zone and start turning back up. Watch patiently for the correct indications that it has bottomed.
Comment:
The price hit the bottom as expected. It has formed an inverted H & S pattern now and broken above the neckline ($4.03).
Comment:
A massive inverted H&S forming. A break above will reaffirm the failure to break below the neckline of the H&S, as well as a double bottom around $3.40 zone