XAMUF (Goldmoney Inc.) will trigger a long entry on a break above the 2.00 resistance level, ideally on above average volume as breakouts that occur on 1.5x or greater average volume have a lower rate of failure.

Goldmoney is an indirect play on the price of gold & the success of failure of this trade will likely depend on whether or not last week’s breakout in gold sticks or not. One should also consider the rough correlation between XAUMF and the other precious metals active long trade ideas on the site at this time (GLD, PPLT & GDX) when determining their position size, should they decide to take this trade.

Due to the low share price & potentially volatile nature of XAUMF coupled with the above average gain/loss potential on this trade (~45% if T4 is hit), the beta-adjusted position size for this trade is 0.70. The maximum suggested stop, if targeting T4, is a daily close below 1.68. Those targeting T1 – T3 should consider a more aggressive stop.