It looks like a 3-month pump. The past history shows retraces 60% to 80% based on previous month's of price action. At the moment, it has tapped the Strong Resistance of $4.25 and surpassed Minor Resistance before that, at around $3.60. $3.60 has now become the new support, which must be breached in order for us to follow through and Sell Short at around $3.40 B/E. If the Fed raises interest rates in April and strengthens the dollar, Gold will be affected inversely. I am looking to capitalize on this dump if there are shares to borrow. BTC @ $2.00,
HMY float is 372M. The price will probably consolidate around this area after the Bulls and the Bears battle it out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.