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Thursday, 06/09/2022 3:39:11 PM

Thursday, June 09, 2022 3:39:11 PM

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$GDX broke below the May 31 low and will likely close below its 20 DMA
By: CyclesFan | June 9, 2022

• $GDX broke below the May 31 low and will likely close below its 20 DMA. This means that June 2 was the daily cycle high. The daily cycle low may happen as early as June 27.Since GDX is a PM complex leader, gold and silver are likely to follow in breaking below their June 1 low.



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