Lionheart-EWA
Long

GDX Ready to push Metals Higher

AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
GDX has been consolidating within a Complex Corrective Structure which is most probably terminating its last legs.

According to the Wave Count on GDX , precious metals would become a Strong BUY soon.

Views:

XAUUSD - Bullish
XAGUSD - Bullish
Comment: GDX bounced nicely to the up-side which what appears to be an Impulse.

Up-Trend almost confirmed.

Upper channel will be in focus for a possible break-out.

Comment: Upper Channel Break-Out confirmed.
GDX would retrace soon for the second wave, then expected to resume the up-trend in an aggressive manner.
Comment: Update:

Comment:
Comment: Retracement starting, will be looking for a Zig-Zag for Bullish confirmation on metals.
Comment:
Comment: GDX retraced 78.6%, Minute II would terminate at these levels and GDX could show a Rally, the biggest in 3 years.
Comment: Don't get fooled by all this commotion:
Comment:
Comment: Wave Count updated:
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