The $GDX (Gold Miners ETF) is Found Strong Support
Weekly Chart :
A very Clumsy Bullish Trend has started in 01/2016, and have been confirmed officially on the Penetration of the MDT (Major Down Trend) in 01/2019.
Note the Retest of Both Major Down Trendline and Major Up Trendline which occured on 03/2020 (covid-19 Drop) - Looking Positive.
Daily Chart :
31.3 Broke up with a gap and turn from Resistance level to a Support level.
Backed up with Rise in Gold Price, i'm Looking for a Penetration of the last Minnor Down Trendline.
The Take Profit objective is 40.25
A very Clumsy Bullish Trend has started in 01/2016, and have been confirmed officially on the Penetration of the MDT (Major Down Trend) in 01/2019.
Note the Retest of Both Major Down Trendline and Major Up Trendline which occured on 03/2020 (covid-19 Drop) - Looking Positive.
Daily Chart :
31.3 Broke up with a gap and turn from Resistance level to a Support level.
Backed up with Rise in Gold Price, i'm Looking for a Penetration of the last Minnor Down Trendline.
The Take Profit objective is 40.25