Broken out of 1.5 years long channel. Will the backtest succeed?
Broke out exactly after 19 months. Coming back down to backtest the channel. Will it bounce at 50 DMA? It depends on what gold does. If Peter Schiff is right AND if their gold mines are worth their "salt", then we could see 21 cents.
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50 SMA is still holding it. Common future Golden Cross. Last cross was epic.Catatan
Correction: "Common" -> "Coming"
We went back in the channel but we are strongly breaking out of the channel again because of the detailed report from the company.
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Also MACD is curling up and could turn positive/bullish.Catatan
Volume is increasing. MACD is bullish. Price could be similar to August 2024 where it surged 120% after it broke through the channel.
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