Gold miners entering buy zone
Gold miners are in a similar position to GLD, both are nearing there 50% retracement levels.
If you are a long-term trader, right here would be a nice entry. I would stop out under 17.50. I know some like to wait for price action. That is an option, however, I have sometimes found price action does not always cooperate and you miss the move.
If you are a long-term trader, right here would be a nice entry. I would stop out under 17.50. I know some like to wait for price action. That is an option, however, I have sometimes found price action does not always cooperate and you miss the move.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.