#gdx #gdxj Anchored vwap + 200dma to support next leg of rally?
Keep an eye on GDX and GDXJ, the two most popular gold mining ETF's. We have a confluence of the anchored vwap from the April 2022 highs meeting the 200dma. If history repeats we could start to see gold miners gather a bid here for the next move higher.
Gold price is holding up at the 38.2% fib + yearly pivot, so im watching closely for another rally at these levels of interest.
Gold price is holding up at the 38.2% fib + yearly pivot, so im watching closely for another rally at these levels of interest.
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