If the value of gold continues to increase, automatically the companies linked to the extraction of this metal would derive profit from it and therefore we wait for a breakout of this resistance to allocate eventually a part of the portfolio on this ETF.
As we also notice from the point of view of the potential resistances that could be found on the path towards the achievement of profit would be very few, and therefore the Risk Reward is very interesting.
finance.yahoo.com/quote/GDX?p=GDX&.tsrc=fin-srch
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.