Haven't touched stocks or ETFs for a while and now I decide to get back to my favorable Gold stock analysis.
We can easily spot that flag on 4H or Daily chart of GDX, normally with previous bullish price action, gold has slightly more chances on breaking the top side of the triangle.
But!! When I zoomed out to weekly, it tells me a different story. GDX was unable to break the resistance, and I'm thinking that we are on a beginning of a small bear. And I'll post the screenshot below.
I'll keep this post as long as I can and I may consider to enter a trade once there's a breakout on the triangle.
We can easily spot that flag on 4H or Daily chart of GDX, normally with previous bullish price action, gold has slightly more chances on breaking the top side of the triangle.
But!! When I zoomed out to weekly, it tells me a different story. GDX was unable to break the resistance, and I'm thinking that we are on a beginning of a small bear. And I'll post the screenshot below.
I'll keep this post as long as I can and I may consider to enter a trade once there's a breakout on the triangle.
Nota
Nota
Nota
Support Broke, so nice target will be here?Nota
many failed attempt, daily still have hopes on breakout, even though miner tells different story
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.