Gold Miners ETF (GDX): Gold for the Closing of August 2018 B...

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Re: DiscoverGold post# 1731

Friday, 08/31/2018 8:16:59 AM

Friday, August 31, 2018 8:16:59 AM

Gold for the Closing of August 2018
By: Marty Armstrong | August 31, 2018

We can see that gold continues to consolidate. The Monthly Bearish is down at 1194 and the Bullish stands up at 1271. We do have support for the close of August at 1208 and 1204.

August was our target for a turning point and the next will be November. Here too we see high volatility in September and a Panic Cycle. A Directional Change comes in November. Keep in mind that gold can bounce from the August low in the face of instability created by Mueller's attempt on behalf of the Deep State to overthrow Trump. The Monthly Bullish Reversal remains at 136250 so nothing has changed. Resistance will also be found at 1327.

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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!
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