HUI – Gold Bugs Index (Last:543.93)

Gold Bugs Index (HUI) price chart with targetsBulls will face a key test at 549.59, the midpoint resistance of the pattern shown, and if they can get past it, closing above the pivot for two consecutive days, its ‘D’ sibling at 580.04 will be well in play. In the meantime, we should use the lower number as a minimum upside objective for the near term.