that gap was definitely a magnet, but need to see it start
finding support in here. would not want to see GDX take out that
last higher low from early May. 200 MA is below still as well and
might be a magnet.
For the metal it still has some room below such as to the 200
day MA and the broken downtrend line
the Dollar is getting a rally and that is not helping and
technically the Dollar has had a bottoming look for the last couple
weeks.
price action is key and the stocks need to lead - dont' see any
triggers for myself
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GDX comments
Posted by matt on 14th of Jun 2021 at 09:36 am
GDX - Chart Link- off the morning lows for now, but otherwise there's an open gap as well below to be aware of from May 13th
GDX filled the gap...
Posted by mitchell on 16th of Jun 2021 at 02:08 pm
GDX filled the gap...
that gap was definitely a
Posted by matt on 16th of Jun 2021 at 02:14 pm
that gap was definitely a magnet, but need to see it start finding support in here. would not want to see GDX take out that last higher low from early May. 200 MA is below still as well and might be a magnet.
For the metal it still has some room below such as to the 200 day MA and the broken downtrend line
the Dollar is getting a rally and that is not helping and technically the Dollar has had a bottoming look for the last couple weeks.
price action is key and the stocks need to lead - dont' see any triggers for myself