Gold Miners ETF (GDX)

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Gold - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | September 20, 2019

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GOLD

IT Trend Model: BUY as of 6/3/2019

LT Trend Model: BUY as of 1/8/2019

GOLD Daily Chart: Gold is trying to move sideways through the rising trend line. It is encouraging that it hasn't broken down yet, but the August-September head and shoulders pattern is not encouraging.



GOLD Weekly Chart: The weekly PMO seems about to top, and I think we're going to see a pullback. Obvious support is at 1450 and 1375.



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