Gold no love in response to the dollar decline today. GDX fading
like a cheap suit. XLE and oil have also given up all or most
of their gains. Continue to monitor for Valid Setups. I
prefer to see better supporting evidence on the 60 minute charts.
Let's see if GDX can form a higher low or double bottom on intraday
charts.
Gold no love in response
Posted by steve on 21st of Jul 2015 at 02:00 pm
Gold no love in response to the dollar decline today. GDX fading like a cheap suit. XLE and oil have also given up all or most of their gains. Continue to monitor for Valid Setups. I prefer to see better supporting evidence on the 60 minute charts. Let's see if GDX can form a higher low or double bottom on intraday charts.
Unless the 'Wedges' play out...
Posted by saturn6 on 21st of Jul 2015 at 02:26 pm
the lateral line at $1000 or the lower trend-line is the objectives, while Silver out-performs perhaps...