Search This Blog

Tuesday, 19 March 2013

Gold Miners (GDX) - time for reversal?

You've probably seen loads of similar graphs in the last couple of weeks. I just wanted to confirm that the chances for a reversal are pretty good:
- sentiment is down,
- price is sitting on the 61 retracement and
- three falling bands which are all technically ready to be broken to the upside

No comments:

Post a Comment