The daily chart of HUI highlights times when the index has dropped either to a new correction low or lost short-term support in dramatic fashion immediately prior to a bounce or rally.
Today HUI is ticking a new low amid much anguish in the gold “community”. No guarantee it will bounce, but it would not be atypical for it to bounce as TAs announce the bad news of the new low for the correction.
Just an fyi to consider or ignore as your interest/situation may warrant.
