GDX Long 11/29/23

GDX

The impulsive break of the wave (i) of ((c)) high of 30.16 indicates the continuation of trend higher through 32.92 and 36.26. Downside should remain corrective against the wave (ii) of ((c)) low of 27.02.

Yorum:

The recent decline is rather sharp and not conducive towards the bullish interpretation against the 27.0 low. If the low is violated, it would signal more downside towards 21.51

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