spdr gold trust had its largest weekly inflow since the March 2020 covid bottom. gold is breaking out of a bullish flag + triangle formation that started February 2020. easy $2000+ , anyones guess after that my favorites $NEM $GOLD $AUY $HL $MAG
MAG plummeted hard but seems that it has managed to find support at the 78.6 Fibonacci Retracement level. This is a positive sign and any bullish price action should provide confidence to get long. My initial target would be $0.180 (potential 30% gain) with a tight stop below the current swing low. Please note these are my own notes, by no means trading advice....
a case for MAG and silver in the near future using gann, TA and fundamentals to predict trend of the coming years