Auguraltrader

GDX continues its original path - DOWN to 30

Corto
AMEX:GDX   VanEck Gold Miners ETF
GDX... one of my favouorites, but now is in a major retracement.
Again, three out of four factors are not favourable:
1. USD rising
2. Gold bearish
3. Equities Bearish (or soon to be)
Only Low Interest Rates are favourable.

The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant development.
MACD is crossing down soon in bear territory, and the RPM is pushing down again!
Shifted downside target to 30, mid Feb 2021.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.