HUI chart: three boxes
As for the gold stocks, the P&F chart below shows HUI, the "gold-bugs Index," breaking above its negative (red) trendline, and then backing off by three boxes.
To turn clearly bullish now
requires HUI to reach the 204 box. At 204 HUI would show a "three-box
reversal" which would be a happy occasion for all holders
of gold shares.
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