GDX. Bear trap? Seems like we are ready for the next Leg up.
On RSI we have divergence and the price still holding on Fib .50 and .62 retracement. We can expect bull reaction and the next week we wiil see the earnings reports of GOLD (Barrick).
Now, adding long positions on GDX, NUGT. Also, Silver´s price is close to "Golden cross" on weekly chart.
On RSI we have divergence and the price still holding on Fib .50 and .62 retracement. We can expect bull reaction and the next week we wiil see the earnings reports of GOLD (Barrick).
Now, adding long positions on GDX, NUGT. Also, Silver´s price is close to "Golden cross" on weekly chart.
TT
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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.