HUI – Gold Bugs Index (Last:508.85)

Gold Bugs Index (HUI) price chart with targetsDownside to at least 479.62 appears likely, although any further slippage would augur 470.18.  These Hidden Pivot supports are, respectively, the ‘p’ midpoint of the large pattern shown, and the ‘D’ target of the smaller one, and they are probably the best that bulls can hope for over the near term.