Speculative long idea for Gold Miners ETF

٢١ ديسمبر ٢٠١٥

Guess it is possible to get 15-20% gain here in less than 2 months.

• The Bearish ‘Bat’ pattern is forming, point D can be near 16.
  
• Bullish Harami near the lower Bollinger band can be treated as a reversal signal in a short time trend.
  
• Point D is on the way of 200 day MA.
  
• A positive gold seasonality from the end of December till the beginning of February can be a fundamental support for this assumption.