andrewunknown

Solid Week Here: Falling Trend Line Resistance at ~27 Next.

BATS:GDX   VANECK VECTORS GOLD MINERS ETF
186 3 0
.$GLD $GC_F
Is there a price target we can expect with this pattern?
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There are multiple targets, but basic move to expect would be back to the resistance band around 37-41 (see all the way back to Fall 2008). Resistance 30.50-32 is a major factor along the way. Note I'm not much for setting precise long-term targets (too many variables can come into play) but will dial this in better when/if price gets into that 37-41 area.
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mika2k1 andrewunknown
Very good. Thank you!
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