Support at 37.21 was broken w/c 2nd August and then was retested w/c 31 August, and went down from there. A good example of support becoming resistance. Not good for the bulls and bearish for now. Also price is below the 200 EMA.
Is this a resumption of the bull trend for the Junior Gold Miners? Good volume a few days ago and on most of the time frames, it looks like it has hit support and has moved upwards again.
What I see here is a broken trendline and a double bottom.
My ideal scenario would be here a retest of the broken W neckline with a nice bounce.
After that let's see how many boxes we can get.
