Gold Stocks are at critical long term trend lines

  Gold Stocks – HUI
Intermediate Term Trend ~ Bullish
Intermediate term 214.48 - 211.65

The HUI is right in between the green and white channel lines.  The stocks once again held their ground and remain above the key green trend line and above the moving averages.  In gold stocks the uptrend is still intact and is still attempting to launch a breakout attempt above the white line as we go into Wednesday.  This is the last resistance line to overcome.

Support is 211-214 AND AS LONG AS WE ARE ABOVE THAT THE TREND IS STILL UP and WE HAVE TO FAVOR THE UPSIDE is still in play with the caveat that the white line failed in both August and October and we have to watch out for that.

The next two week trend turn has not tipped its hand. IF the upside is selected, that would put resistance at 234-238 and then 250-260 next.  BUT A CLOSE BELOW THE GREEN LINE PUTS THE TREND NEUTRAL.