More fun w/ the chart of Royal Gold (RGLD)

Previously we reviewed the daily chart of RGLD, showing a gap down lower where those champing at the bit could think about buying.

The weekly chart looks more like a Symmetrical Triangle as opposed to the daily's Ascending Triangle.  Either way, it's bullish.

BUT... would players be understanding of an interim decline to the low to mid 60's?  A 'no brainer' support zone is highlighted in green.

As for the funky MACD Head & Shoulders, NFTRH has noted one in silver that has already reached its downside objective.  RGLD's is lower.  None of this is to say that it is going to actualize - because it is an H&S on a momentum indicator after all, c'mon - but if it does and RGLD is at support, it's a buy.


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