Trading possibility within trend channel
HUI has fallen from the upper limit of the descending trend channel to its lower limit.
It rebounced on the lower level and now has rosen above the long descending trend channel - this is a good sign.
If gold and silver don´t get weaker than they are actaully then we´ve got good chances that the HUI - Index will test the upper limit of the trend channel.
Dollar is getting stronger; normally that is a good support for precious metals and the mines.
Take profit-zone in the red circle.
Stop when breaking the falling trend line.
It rebounced on the lower level and now has rosen above the long descending trend channel - this is a good sign.
If gold and silver don´t get weaker than they are actaully then we´ve got good chances that the HUI - Index will test the upper limit of the trend channel.
Dollar is getting stronger; normally that is a good support for precious metals and the mines.
Take profit-zone in the red circle.
Stop when breaking the falling trend line.
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