GDX 60 min

    Posted by matt on 30th of Apr 2013 at 09:39 am

    GDX - Chart Link - once again weak, approaching the uptrend line, there is also a gap to fill just below that

    GDX Outside day?

    Posted by manpat on 30th of Apr 2013 at 03:57 pm

    bullish candle. correct?

    yes also I'll do a quick

    Posted by matt on 30th of Apr 2013 at 04:03 pm

    yes

    also I'll do a quick video of how some of the individual gold stocks are looking and post in a little while

    Need to see some follow

    Posted by rixx on 30th of Apr 2013 at 04:41 pm

    Need to see some follow through tomorrow.
    NGD - has been the standout gold stock - Double bottom reversal on the 60min chart
    GG - put in a solid hammer on the daily chart
    NEM - drag on GDX. Down 5% today. Investors dumped on management/performance problems. 


    GDX - Chart Link - on

    Posted by matt on 30th of Apr 2013 at 01:52 pm

    GDX - Chart Link - on the 60 min GDX chart, as you know for now it continues to hold the uptrendl line, however there is a gap below that may need to be filled.

    Otherwise I drew a small wedge pattern (thin blue lines) should GDX attempt to bounce off this area, something to monitor.

    again clearly there is a lot of news in the coming days which could spike and gold in either direction, so it's quite tricky

    Update: GDX 60 min

    Posted by matt on 30th of Apr 2013 at 10:25 am

    GDX - Chart Link - GDX tagged the trendline from the 60 min chart

    GDX - Chart Link - off

    Posted by matt on 30th of Apr 2013 at 03:23 pm

    GDX - Chart Link - off the lows quite a bit, clearly bounced off the uptrend support line that was pointed out earlier

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