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Gdxanalysis

ridethepig | Gold Miners Breaking Out!After months of choppy waters, finally bulls are emerging from beneath the woodwork right on time to position for 2020 flows. For all those tracking the current leg in Gold by now it should be crystal clear: Those momentum traders will know the highs will be eclipsed over the next few sessions, generally prefer buying dips. What I am most impressed by is the opportunity found with my long candidate for mining companies in 2020: For those tracking the end of year positioning flows for 2020 Q1, sit tight reflationary risks are around the corner. Thanks for keeping the support coming with likes, comments, charts and etc. And as usual the comments are open for all.
AMEX:GDXLong
by ridethepig
2
Daily GDX stock forecast analysis for stock investing strategies03-Jul AMEX:GDX Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Rising section of high profit & low risk S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises. Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend. read more: www.pretiming.com D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 2.5% (HIGH) ~ 0.1% (LOW), 2.1% (CLOSE) %AVG in case of rising: 1.9% (HIGH) ~ -0.4% (LOW), 1.5% (CLOSE) %AVG in case of falling: 0.6% (HIGH) ~ -1.3% (LOW), -0.7% (CLOSE)
AMEX:GDX
by pretiming
5
GDX Analysis: Bullish Move Not Yet Over?Conclusion for today’s GDX analysis: Price closing above 26.17 implies resumption of the current uptrend in GDX. The VanEck Vectors Gold Miners ETF (GDX) is presented on the Daily timeframe with coverage of over 24 months of price action. The sell off and bearish market in the GDX that began in August of 2016 (not show here), continued until September 11, 2018 after which price failed to establish lower lows and lower highs. A bullish trendline in GDX that has lasted over 9 months is used to highlight the current trend in the ETF ever since the September 11, 2018 price low of 17.28. The current bullish price swing from the last pivot on the trendline (at ~20.17) reached a peak of 26.17 where price is currently consolidating. Horizontal lines of support are drawn on the chart where the ETF is expected to use a pivot to resume the bullish trend. They key levels therefore are 25.19, 24.56, 24.02, and 23.54. The trajectory anticipated for price action is also provided. Failure of support at 23.54 increases the chances of price returning to the bullish trendline prior to resumption of the uptrend.
AMEX:GDXLong
by Coin_Analyst
2