Gold Miners ETF (GDX): * * * Gold for the Close 8/18/17 * * *...

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Sunday, 08/20/2017 9:49:11 AM

Sunday, August 20, 2017 9:49:11 AM

* * * Gold for the Close 8/18/17 * * *
By Marty Armstrong | August 18, 2017

We elected the first of three Minor Weekly Bullish Reversals in gold at 1284.20 last week, but closed precisely on 1290.70 and 1298.90. Closing today above 1298.90 will confirm that we should push higher to final test the first important Weekly Bullish Reversal at 1338.50.

The timing target are interestingly correlating to that of the Dow. This implies we are simply watching the same "flight to quality" trade counter-stock market. We do not yet see this breakout out to a new bull market. The timing is just not quite ready, but 2018 should begin to create interesting shifts in trend.

• DiscoverGold

*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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