AI
Monday, July 24, 2017 8:55:49 AM
At what point does all this negative divergence catch up with GDX??? My last chart showed all of the negative divergence on the daily. Now, there is negative divergence showing up on the hourly in Gold. Also, Gold is just filling the last gap on the 4 hour from where the previous downtrend started. GDX once again gapping up at open...and right at resistance of the upper bear wedge (and other resistances).
All of this makes me very leery here, unless it gets skippy and breaks out on huge volume... All JMO
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