Sean, can you take a quick look at the chart for ABX and tell me if you think its starting a wave 3 uptrend?

Comments
No. 1-4
wjm7605
wjm7605

I tried to identify a range resistance for the current sideways movement: 13.60 to 13.85. Does that look correct? We went above 13.60 today, what confirmation do you look for when trying to identify that it has indeed broken out?

mrho
mrho

Thank you!

Sean Hyman
Sean Hyman

Editor

But with the market diving, that tends to bode well for gold and gold miners.

Sean Hyman
Sean Hyman

Editor

It could be, but we don't have confirmation of it until it breaks above the black corrective line of wave 2 and above its 200-week moving average.