AU is a gold miner. Buying gold miners is an "unforgivable trading sin!"
With Yellen stating that rates will not be increased "soon", then gold is in play again... and so should be gold miners. Gold/Silver still look very weak, which might indicate that the market does not believe what Yellen said. However, a very weak GDP figure today will help gold.
GDX looks also weak.
Then, why buying AU?
We can see that the gold miners sector is high in the sector RS and that AU is high in the price RS.
I would buy a breakout above 11.75 on strong volume.
Data looks good, especially on a 1000 days back-test.
The sensitivity analysis shows that the stronger the breakout, the better. Weaker breakouts are prone to reversals.
AU's earnings are expected around mid of February.
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