Gold Miners move down imminent.
While the rally in gold miners is intact, gold miners is likely to make a significant move down in the immediate future.
This affects
GDX, 
NUGT, and GDXJ.
The print of the doji is pending a selloff confirmation tomorrow to start the move, which coincides with the Fibonacci time series analysis to project a move lower.
Traders banking on support being held at the trendline are likely in for disapopintment.
It's much more likely that gold miners will make a move lower to fill the open gap, down to the $15.50 support area as a first target, where $14.50 is a real possibility.
Skilled investors should protect their miner's investments now. Short traders an enter a position pending confirmation on tomorrow's print.
This affects
GDX, NUGT, and GDXJ.The print of the doji is pending a selloff confirmation tomorrow to start the move, which coincides with the Fibonacci time series analysis to project a move lower.
Traders banking on support being held at the trendline are likely in for disapopintment.
It's much more likely that gold miners will make a move lower to fill the open gap, down to the $15.50 support area as a first target, where $14.50 is a real possibility.
Skilled investors should protect their miner's investments now. Short traders an enter a position pending confirmation on tomorrow's print.
Nota
It looks like the move down may already being playing out, with the stock down 3% pre-market. If this trade continues to unfold in the correct direction I will update with target zones.Dagangan ditutup: sasaran tercapai
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.