Gold miners GDX One possible way to see it.

185 1 1
This is how I currently see the GDX             . Like the chart I posted on gold             I see the GDX             likely in a long term triangle. At any rate it looks to me like it has recently finished a well defined channel down with a large volume spike at the bottom. Of course it could go down one more time to retouch the lower channel line but I favor it has begin a upward A-B-C perhaps to be forming a even larger triangle. That is guessing a lot but if the trend is now up a .618 to .786 correction certainly seems possible. This also fits with my view of the US dollar             which is it likely is about to drop. This is all speculation but I like to anticipate based on the price pattern but wait til price action indicates it is reasonable to invest. Also this chart shows two nice examples of negative reversal in the RSI which often leads to new lows in price or at least a significant retracement. Take care. Have a great rest of the week. Goodguy.
Only if gold will be long.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out