GOLD - GDX count revisited
Considering the divergence with the miners, it is possible that the last action in gold took place in a triangle and that the miners made a bull flag.
IF the count is correct, the miners should catch up gold very soon ...
Gold needs to break the 200 DMA at 1261-62 and GDX breaks above 25 decisively.
s27.postimg.org/paceqhr77/GDX_022417.png
Looking at my "technicals", we will have an answer next week.
s17.postimg.org/jvdk3aovj/GDX_022417.jpg
IF the count is correct, the miners should catch up gold very soon ...
Gold needs to break the 200 DMA at 1261-62 and GDX breaks above 25 decisively.
s27.postimg.org/paceqhr77/GDX_022417.png
Looking at my "technicals", we will have an answer next week.
s17.postimg.org/jvdk3aovj/GDX_022417.jpg
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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.