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Scanning over some stocks most look like topping patterns. looking at some gold stocks gives the opposite impression with some in uptrend and others like NG breaking out of a 2 year base. NG looks to be approaching a key resistance level. This will be a good opportunity to gage the strength of NG. I'll update if I see a shallow pull back or continuation pattern....
watching to see what happens coming close to the bearish trend line. Price is above the 10ma, which is above the 50ma, which is above the 100ma. It almost touched the 200ma from below.
Metals might have a last push during the summer, we all have our special metals tickers to buy next dip but this one, the special "how to lose all you money in one trade" kind of trading approach that i don't recommend to anyone. Still, if you have to admit this is beautiful and highly possible.
