Gold Miners ETF, GDX bullish potential
The weekly chart closed the week nice candle that had a long bottom tail, albeit a red candle, but bullish indication here.
The daily chart had GDX gap down on Friday's opening, then rally hard to close a bullish engulfing, spanning across a resistance zone. This can form the higher low point later next week.
Indicators are not yet bullish, but candlesticks are suggesting the end of the massive retracement with bullish signs and patterns.
The daily chart had GDX gap down on Friday's opening, then rally hard to close a bullish engulfing, spanning across a resistance zone. This can form the higher low point later next week.
Indicators are not yet bullish, but candlesticks are suggesting the end of the massive retracement with bullish signs and patterns.
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