gold still cautiousToday is options expiry on Comex. Is it strange that gold is sold hard the day before? Especially when it starts in after hours trading? NO, it is a pattern seen many times before. Those who have written gold calls have millions in loses during this run up to $700 level.
Somebody asked lately, where was a inexpensive good gold share to start into the pm sector( provided they haven't been scared off in past week ) Well now is time to be serious buyer of pm shares, regardless if it is the absolute low on HUI.
Staccato looks like a declining wedge and double bottom here ( and without getting too serious about TA in a penny share ) But for what it's worth......Start top line at high of aprox. $1.50 and go down. The bottom line start at low of about.58 cents and move across to join other bottoms. A break out would be a good close with volume over aproz. .90cents. Looks interesting. Of course only MHO
https://stockcharts.com/h-sc/ui
cheers