Successful_Inv_Strategies

GDX support zone

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AMEX:GDX   VanEck Gold Miners ETF
Risk vs Reward alert is good here as long as the support zone holds.
GDX broke out of the down trend line / resistance zone, and pulling back to test the zone again.
In EW cycles, GDX looks to be forming micro 3 - 4.

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In Diagonal, GDX needs to move up and retrace back down (1-2) before taking off. Still a long way to go before we can be confident.
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Nice up movement today.
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$XAUUSD is up nicely. GDX is lagging but made a new higher high.
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$Gold chart for reference
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Trimming my position here

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.