GDX support zone
Updated
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.
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.
Note
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.Note
Nice up movement today.Note
XAUUSD is up nicely. GDX is lagging but made a new higher high.Note
GOLD chart for referenceNote
Trimming my position here
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