GDX-indicators look very weak. Individual gold-miners also look very weak (KGC-HMY-EGO-GFI-GPL-HL-GORO).
Most time horizon charts for-GDX are very negative. 1. There has been a complete breakdown in the uptrend. 2. Sell Fractal. 3. The top middle indicator is a 13 interval momentum of OHLC/4, and this has crossed the zero line down-wards. 4. The top indicator is a 34 interval momentum reading of the-GDX-price. This is weak, heading lower. This is a sell signal. 5. Chop (under chart) is below THE SHADED AREA, indicating a DOWN-TREND. This is a sell signal because the chop zone color is red. 6. Chop zone (under chop) is red, indicating a downward trend. This is a sell signal. 7. The red conversion line of the Ichimoku Cloud is heading lower. This is a sell signal. 8. The black baseline line of the Ichimoku Cloud is heading lower. This is a sell signal. 9. Prices are trading below the Ichimoku Cloud conversion line and baseline. This is a sell signal. 10. Prices are now below a 233 interval trend-line. This is a sell signal. 11. The chart for-DXY is showing strength, and dollar strength usually means-GDX weakness.
Conclusion: I see continued weakness in-GDX. I hope all of your trades go well. Don.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.