vlad.adrian
Long

GDX - Preparing for a big rally

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
239 2 5
I believe that all the information on the chart points to a big rally in Gold             Miners. Gold             price doesn't tell me anything right now, I've got whipsawed a few times on it, so whenever I don't see anything new, I keep my previous bias, which is bullish , as you can see in the related chart. GDX             , on the other hand, has a much better picture. Everything here points upward. Classic price formation (inverted H&S), massive bullish divergences on all 4 oscillators, Volume converging with price, and massive volume increase last year which points to accumulation. All of this, very close to the all time bottom of this ETF . Majorly bullish!

I see no information for the coming days/ couple of weeks, but I see a longer term rally coming.
Ansari
2 years ago
hi,Your chart was useful for me ,I agree with you,
Many Thanks
Reply
vlad.adrian PRO Ansari
2 years ago
Thank you!
Reply
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