I am about to post a few gold exploration & mining company charts where I feel there is potential for a price improvement. AQG is another. The price retraced from a high of $8.45c to almost touch the 78.6% fib level ($6.15c). The price rally is probably just getting started again & it will be prudent to wait for a higher high with a break of the trendline...
Spot Gold. The market drove the gold price down and closed below the open price of previous bullish candlestick. This bearish engulfing is the first sign of bearish movement. It is also found near the resistance zone in mid-June 2018. Therefore, it makes sense for a technical correction. Conversely, this US gold mining stock AQG listed in ASX behaved very well...