Replies to post #2335 on Gold Miners ETF (GDX)

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Gold - Weekly Wrap »» Daily-Weekly Charts
By: Carl Swenlin | October 4, 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: On Monday the head and shoulders pattern "executed" (signaled a bearish resolution) by dropping below the neck line. This week we saw a price reversal, and the pattern was aborted.



GOLD Weekly Chart: The weekly PMO is overbought and topping, so I hesitate to think that there is not more downside (or at least sideways movement) to come.



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