Gold and GDX : Bullish Breakout on Weeklies
Started by
DaVinny
, Jan 10 2015 04:54 PM
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#1
DaVinny
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- Traders-Talk User
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Posted 10 January 2015 - 04:54 PM
Friday's move in Gold and GDX has major significance especially on the weekly. Gold has clearly broken above LT descending trendline, while GDX solidly closed above crucial pivot and 20WMA with MACD bullish crossover (which preceded multi-week rallies in the past). I bought more GLD on Friday, and looking to dip my toes in GDX next week.
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"The greatest deception men suffer is from their own opinions." – Leonardo daVinci
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"The greatest deception men suffer is from their own opinions." – Leonardo daVinci
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