Gold Miners ETF (GDX): DP Alert: Gold Breaks Through Neckline...

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Re: DiscoverGold post# 1175

Wednesday, 07/12/2017 11:02:17 AM

Wednesday, July 12, 2017 11:02:17 AM

DP Alert: Gold Breaks Through Neckline
By Erin Heim | July 11, 2017

GOLD

IT Trend Model: BUY as of 5/22/2017

LT Trend Model: BUY as of 4/12/2017

The double-top neckline has been penetrated, but it appears that Gold wants to bottom here, not continue lower. In the thumbnail, you can make out a positive divergence between the last two OBV bottoms and price bottoms. The PMO and SCTR are bearish, so I doubt that support is going to hold here. . .

http://stockcharts.com/articles/decisionpoint/2017/07/dp-alert-rounded-top-concerning---gold-breaks-through-neckline.html

• DiscoverGold

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