SamSuka
The Long Investor
The Long Investor

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$GDX - RC -

Indeed a break out here, has held at the 0.78 Fib line, went to the top of the channel and pulled back to hold at the 0.65 fib and bounced very well again, no changes to the chart, same as I have uploaded before. Next test will likely be at the top yellow trendline but I hold this trend line in lower regard as the previous point was only valid for one point. $45 is a possibility here.

$GDX - RC -

Comments

Any updates on GDX?

Jeff Akrawin

It’s not quite at the top trend line and in the middle of both trend lines. You should watch for a test of either line to make your judgement, if it can’t hold the lower trendline, this would be bearish

Gareth Neary

Hi Cap, GDX was Rejected at $36.10, the previous May-2022 High last Thursday, Apr-12. Will it come back to 0.65 fib say? I'm thinking to short it.

Pixy Fung


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