GDX - Chart Link - GDX up today as you
know, gold has bounced off its lows from last night as positive
divergence had set up on the 60 min gold futures chart.
Here's the 60 min chart, the ratio trendline was broken
GDX - Chart Link - daily chart - still
LOTS of work to do on the daily and what will be important today is
how it closes, if it can hold onto the gains by the close and
stregthen, that would be a positive
GDX - Chart Link - 5 min chart, the ratio
trendline break gave an early signal - however I was unable to post
this morning with computer problems
GDX - Chart Link - GDX broke out of the
intra day bull flag pattern from the 15 and 5 min chart and
is strengthening in the afternoon is a positive sign.
Watch to see how it closes.
GFI - Chart Link - tested the extended
trendline and bounce - one educational thing that I discussed in my
newsletters, try extending trendines that have been broken a while
back, many times they can offer support/resistance
GDX update
Posted by matt on 20th of May 2013 at 12:01 pm
GDX - Chart Link - GDX up today as you know, gold has bounced off its lows from last night as positive divergence had set up on the 60 min gold futures chart. Here's the 60 min chart, the ratio trendline was broken
GDX - Chart Link 15 min
GDX - Chart Link - daily chart - still LOTS of work to do on the daily and what will be important today is how it closes, if it can hold onto the gains by the close and stregthen, that would be a positive
GDX - Chart Link - 5 min chart, the ratio trendline break gave an early signal - however I was unable to post this morning with computer problems
GDX - Chart Link - GDX
Posted by matt on 20th of May 2013 at 03:42 pm
GDX - Chart Link - GDX broke out of the intra day bull flag pattern from the 15 and 5 min chart and is strengthening in the afternoon is a positive sign. Watch to see how it closes.
GDX - Chart Link 5 min view
GDX - Chart Link - 60 min view
GDX - Chart Link - daily view - still has yet to close over the 9 EMA, that's short term resistance.
GDX has not been good at following through, will this time be different? Of course today gold and silver had reversal days.
looks like a divergent low here...i'm in.
Posted by morton13 on 20th of May 2013 at 02:07 pm
GFI - Chart Link - tested
Posted by matt on 20th of May 2013 at 12:55 pm
GFI - Chart Link - tested the extended trendline and bounce - one educational thing that I discussed in my newsletters, try extending trendines that have been broken a while back, many times they can offer support/resistance
GDX gap filled
Posted by steve on 20th of May 2013 at 12:05 pm
GDX gap filled