[Smellypunks]

Are gold stocks in a stage 3? It seems that 30w ave is flattening and maybe a neckline forming... If I am right I would expect a bounce off the neckline and then finally a breakdown.

Anyone else with a different take on gold stocks.

Yep, the breakdown yesterday puts Dollar Gold potentially into early Stage 3A if it closes the week below the 30 week MA. This doesn't however mean it will necessarily breakdown into Stage 4, as Stage 3 can go either way, and often will take many months to resolve.

I have a feeling we might well see gold down into the area show as a box. So 1200 to 1250 area. At which point it would be well below the 30w ave. So I am quite new to spotting stage 3 tops. You talk about taking months to resolve which is what I am hoping for. So the red line I have drawn is not the stage 3 neckline then? It seemed to have three touches before it broke down.