GDX, EW analysis of the current GDX cycle

125 6
Based on the gold would bottom at ~1200$ or so, GDX might have some more decline further. Not whole a lot though ....

Sorry, not sure. Do you mean to short GDX from yesterday bounce?
bhsencer lantao517
@lantao517, This is assumption of gold is going to be ~1200$ then some decline is expected in GDX, I would wait the decline and LONG it instead shorting it from that level. Another thing to worry is DXY. Let's see what happens....
lantao517 bhsencer
@bhsencer, Gold high chance to have already found the bottom, which was 1205 with 2 times tested successfully. GDX might just a bear trap few days before and hit 21.04. We should turn to bullish, how do you think about it
bhsencer lantao517
@lantao517, Gold have failed daily cycle, might move lower. Arpi is the expert on cycles. I am watching DXY which is on 5th impulsive wave (short term long), soon it will turn cyclic correction (short) soon. As feel as gold and miners are running away of my grip. I will wait for how DCL will play. DXY is going to be bullish couple days so it will put the gold and futures on pressure, you might start accumulating.

lantao517 bhsencer
@bhsencer,yesterday GDX hit $22 key resistence but finished with a big shadow line, more likely hv built up a false breakout shape and also a failed daily cycle, and then the coming direction should be move lower to DCL, how do you think
I agree, another few days and I'm going long. 1200-1197 sweet spot
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出