Gold mining stocks have a reputation on promising to deliver big but failing (see 2009-2011). I’ve been following the GDX since 2016 when I first started buying gold miners, and up until 2020, nothing really happened. The miners were in a bear market for 8 years and could not breach the $30 resistance, until April 2020. Does this signal the start of a new bull...
Difficult not to see an inverse Head & Shoulders pattern in this gold miner, isn't it?
New multi-month support at $32. GDX needs to stay above $32 for the rally to resume.
GOLD Barrick consolidating below a big resistance trendline. It could be within a triangle 4 (confirmed by volume, unlike the commodity?). EW geometry not ideal. Green box #1 is 25.67-26.23.
GDX breaks out from a 7 year Resistance and looks to head higher to 55 in the next year. Fueled by rising gold prices and low oil prices.
To be taken with a pinch of salt. The theory is relatively simple. When the VIX and Gold Silver ratios get so far out of the normal range, they tend to reverse but slowly over time. This usually leads to a bull run in the GDX and Silver prices if played out similiar to 2008. I would anticipate the Gold and Silver miners and Silver to be a buy in the coming months,...
The GDX ETF is about to break out. Initial target is the high 40 as this is the next resistance level. This also coincides with the 50% fibonacci retracement level. I would expect some consolidation following this target being met, eventually heading higher.
After months of choppy waters, finally bulls are emerging from beneath the woodwork right on time to position for 2020 flows. For all those tracking the current leg in Gold by now it should be crystal clear: Those momentum traders will know the highs will be eclipsed over the next few sessions, generally prefer buying dips. What I am most impressed by is...
Good time for correction move.
03-Jul AMEX:GDX Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Rising section of high profit & low risk S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong...
Conclusion for today’s GDX analysis: Price closing above 26.17 implies resumption of the current uptrend in GDX. The VanEck Vectors Gold Miners ETF (GDX) is presented on the Daily timeframe with coverage of over 24 months of price action. The sell off and bearish market in the GDX that began in August of 2016 (not show here), continued until September 11, 2018...