PaulYoung
Long

Goldcorp Inc tracks gold higher

NYSE:GG   GOLDCORP INC NEW
56 0 0
Against the backdrop of gold’s efforts to push higher, Goldcorp Inc. is also attempting to rally. A potential double bottom at 17.65 is shaping up. Once the pattern’s boundaries, which match those of the gap near 20.90, are breached, investors can launch long positions with the first target at 22.64, a solid historical level. Breaking through this level will pave the way towards the lower bound of the band near 25.50. Further targets will depend on the performance of gold             .

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