TradingView
TheLazyBrother
Oct 27, 2018 10:08 PM

Make or brake for GDX Short

AMEX:GDX1D
VanEck Gold Miners ETFArca

Description

⋅
It is decision time for GDX. If it breaks the red line, the bear will continue, so higher highs (and ASAP!) are required to support the weak bullish case. Note the MACD bearish crossover.

Overall, it seems to support the bearish case for gold.
Technical IndicatorsGold
More