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.Trade fechado: objetivo atingido
Aviso legal
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Aviso legal
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.