Get started
AwareBear

GDX WEEKLY CHART -- MINERS BREAKOUT, CASH WONT BE KING FOR LONG

Long
VanEck Gold Miners ETF (AMEX:GDX)  
AwareBear  
AMEX:GDX   VanEck Gold Miners ETF
GDX GDXJ XAU XAUUSD xau_usd xauusdlong Gold goldtrading goldstocks goldbugs miners Silver Weekly Charts #weeklyanalysis goldidea goldminers economics economy economy Commodities commodity
0
0
gdx gdxj xau xauusd xau_usd xauusdlong gold goldtrading goldstocks goldbugs miners silver weekly #weeklyanalysis goldidea goldminers economics economy economy commodities commodity
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :)

My target area Short Term is 25-28:
- We have the 23% fib retracement from our move down from our All Time Highs in 2011.
- Weekly 200 ma
- Solid price action (horizontal black lines)
- Broke out of our channel to the upside that start in June 2013
-- If tomorrow (April 12th) holds above this channel, that's when I shoot my final bullet
- The top of our bigger channel is in this area

Feel free to comment with questions or ideas :)

Happy Trading!

Related Ideas

AwareBear
XAUUSD DAILY CHART - MAKE IT OR BREAK IT
AwareBear
GDX DAILY CHART -- MINERS BREAKOUT, CASH WONT BE KING FOR LONG
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.