GDXJ signal rally today from oversold gap down to strong reboundExpect miners to gap lower and rip hgher all session based on pre-market price spike signal I always share!
GDX
UPDATE: Pullback in Gold will be DEEPER due to trade talks!My target for a wave 4 in Gold was $1289, however, I now believe we have further to drop before a buying opportunity presents itself. I see huge issues with this trade negotiations and the outcome is likely different to investors expectations.
Long DUST ideaI like the look of this chart of DUST. I bought this morning. It's always risky holding over the weekend but its a small position, relative to all holdings. GOLD is breaking below $13000 looks good for a pullback. Cycle wise we are due.
Gold need a correction before a more clear signalGold broke its previous resistance and move higher. And we could find that there are tons of resistances ahead of current level.
RSI and MACD are overbrought. So i think we need a healthy correction very soon.
UPDATE: Short term pullback to $1,330 before correction resumesA series of better than expected numbers has caused interest rates to rise in a soft inflationary environment this equals higher real yields and a negative headwind for Gold at least short term.
UPDATE: Near term headwinds for Silver, target sub $14.80Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
$GDX chart, extremely Useful if you're in $BTC #CryptoA nice chart, useful also if you're trading #crypto $BTC $LTC $ETH (not for correlation, just because all the markets move the same). At big resistance area right now, pretty clear skies above, support noted below.
Gold to 1360 2/3 weeks time frame Simple up trend for gold. The chart says it all. Bottom of this wave is 1325 with a 2/3 week time frame before the move to 1360.
Gold Miners bottom Christmas 2020 via momentum modelI entered GDX & SLV data into my models today (eue-te.wb) and found that both daily models suggest that Christmas 2020 will be the next optimal buy point for the precious metals & miners.
brschultz aka markettimer777
GDX Long idea?After completing the AB=CD pattern, GDX looks ready to go long again. We just had a very common 38.2% FiBo pullback. The MACD is oversold, and the TSI is crossing over zero. This is a 4 hr chart. However the volume appears to be dropping.
VANECK VECTORS GOLD MINERS ETF (GDX): Pivot, Support, ResistenceFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
VANECK VECTORS GOLD MINERS ETF (GDX): All The Pivots, Supports & Resistences
Gold and Miners Headed HigherGold has broken the downward resistance line indicating an upleg up in Gold and Miners.
