Gold, silver companies are about to surgeShares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing and gap. This has been coupled with increasing volume.
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Market insights
Watch for directional response to significant level+ FSM poised to re-test a recently broken resistance line.
+ Its current trajectory is set to meet the line where it intersects the lower pitchfork prong, amplifying the impact of a break-out.
+ If broken, consider its relationship with its 0.382 Fibonacci retracement level. A pull-back to previous highs from here is characteristic of a natural retracement within a larger trend.




