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marketfellow
Feb 11, 2022 9:25 PM

Waiting for its moment to shine (GDX) 

AMEX:GDX1W
VanEck Gold Miners ETFArca

Description

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- 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

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Gold miners (GDX) is breaking out toay
Trend AnalysisChart Patterns
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