Right now the MACD isn’t signalling a change in momentum to the upside so you’ll have to be patient. Gold enjoys a period of seasonal strength from mid July to early October ,according to seasonality expert Brooke Thackray, so the waiting may soon be over.
Right now the questions are when and how will FT finance its equity share of development and will BNP Paribas secure the loan package it needs.
The MACD clearly signaled a pull back in late April. It looks like CLL is on its way to retesting support on its 200 day moving average which should it hold provide an interesting entry point for a potential trade towards $1.50.
With TCK trading below its 50 and 200 day moving averages and significant resistance on a long term basis at $50 I think the best way to approach it is by trading.
If it catchs a bounce off $22 you could catch a ride towards $25.00. If it breaches $22 look for support at $21 and then at $20.
