(CercleFinance.com) – The gold mining sector ETF consolidates once again after a brief test of $225.
The risk of a double top (or bearish ‘M’) must necessarily be considered after the 2 tests of April 12 then May 20 and 21.
A bearish signal would be validated by the break of the base of the ‘M’, i.e. $212, the floor of April 30 and May 2.
Such a break would lead to a consolidation towards the ‘gap’ of 203.2E on March 27 then on the test of the former support of $199.8, tested relentlessly from March 12 to 19.
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