The Green Neckline @$26.50 is the major resistance at the moment. Breaking it would signal huge upside potential. Depending on how long this consolidation is, if less than a 6 MONTH consolidation, the pattern most likely will be for $35.00 an ounce, $10 gains. if the consolidation is for more than 6 MONTHS, a long term Inverse head and shoulders will have developed, with a target of +$40 an ounce.
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Looking for next lef up to start soon. $34-$35 still target
According to u one should wait to trade above 26.50 breakout or should short at this level
coreymurphy7288
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@meeturvish, trade the breakout. there are TWO nice big patterns that point to $35 target price. Just beware of the paper price smashes, no where to really put a stoploss as invalidation level is @ $11.62 :/