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marketfellow

Waiting for its moment to shine (GDX)

VanEck Gold Miners ETF (AMEX:GDX)  
marketfellow Updated   
AMEX:GDX   VanEck Gold Miners ETF
Trend Analysis Chart Patterns
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trendanalysis chartpattern
- Convergence process for gold miners (GDX) took place for about 2 years
- Rising inflation (CPI 7.5%) and potential warfare (Russia-Ukraine) made the stage ready for precious metals to shine
- The breakout setup is ready with the pivot point at 34
Comment:
Gold miners (GDX) is breaking out toay
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