Replies to post #1163 on Gold Miners ETF (GDX)

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Gold Update >>> Dollar (UUP) ST Trend Model BUY Signal
By Erin Heim | June 20, 2017

GOLD

IT Trend Model: BUY as of 5/22/2017

LT Trend Model: BUY as of 4/12/2017

As a consequence of the Dollar rallying, Gold is in full decline. I'm concerned we are looking at a large double-top with a neckline at $1215. If this is a double-top, the minimum downside target for the pattern would be $1120 or around the December low. Indicators are all negatively configured. . .



http://stockcharts.com/articles/decisionpoint/2017/06/dp-alert-dollar-uup-st-trend-model-buy-signal---oil-hits-last-chance-support.html

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