Member
Posted 26 August 2021 - 09:41 AM
GDX gap close coming?
I saw Avi Gilburt's presentation yesterday on one of those free internet Money Shows, he did also say that GDX needs to get into that box $33-34 soon, otherwise look out below. His target is $21. Now GDX is this guy's specialty on his platform.
Member
Posted 27 August 2021 - 08:54 AM
Key near term day for me, if my 5 up count in GDX/GDXJ off the lows is correct IMO wave 2 declines should likely have ended this morning so we should rally hard, any decline significantly below this mornings lows in GDX/GDXJ and I will exit most or all lomgs, as always DYODD
Senor
Member
Posted 27 August 2021 - 09:07 AM
Key near term day for me, if my 5 up count in GDX/GDXJ off the lows is correct IMO wave 2 declines should likely have ended this morning so we should rally hard, any decline significantly below this mornings lows in GDX/GDXJ and I will exit most or all lomgs, as always DYODD
Senor
Like what I am seeing "so far", the upside "potential" here IMO is really good and the oversold and diverging technicals do allow for a big time "unleashing", of course that is "if" the bullish count plays out. Then again a bad failure here below session lows in GDX/GDXJ could be very negative. Like the risk/reward from here in respect to today's lows. Key, key day IMO as Elvis singin "Now or Never" in the background
Senor
Edited by senorBS, 27 August 2021 - 09:08 AM.
Member
Posted 27 August 2021 - 09:59 AM
well that was fast, GDXJ/SILJ new rally highs already, next key near term Q is whether this is a wave 3 or C with these new rally highs off recent major decline lows. I clearly favor its a near term wave 3 meaning is should continue with only brief pauses/pullbacks today IMO. Therefore stops now raised to a decent bit above today's lows, so far Elvis is fine form!
Senor
Member
Posted 27 August 2021 - 10:30 AM
GDX gap close coming?
I saw Avi Gilburt's presentation yesterday on one of those free internet Money Shows, he did also say that GDX needs to get into that box $33-34 soon, otherwise look out below. His target is $21. Now GDX is this guy's specialty on his platform.
RB... I don't think the bears are in control here, a triple bottom on Gold on a strong support line going back a few years, 'watch the sky'.
Edited by Russ, 27 August 2021 - 10:31 AM.
Member
Posted 27 August 2021 - 10:40 AM
Dollar index getting ready to break down?
Member
Posted 27 August 2021 - 11:08 AM
Dollar index getting ready to break down?
Maybe, left an island top up there
Senor
Member
Posted 27 August 2021 - 12:04 PM
Dollar index getting ready to break down?
Maybe, left an island top up there
Senor
Perhaps a H&S formation.
Member
Posted 27 August 2021 - 01:32 PM
well that was fast, GDXJ/SILJ new rally highs already, next key near term Q is whether this is a wave 3 or C with these new rally highs off recent major decline lows. I clearly favor its a near term wave 3 meaning is should continue with only brief pauses/pullbacks today IMO. Therefore stops now raised to a decent bit above today's lows, so far Elvis is fine form!
Senor
wow
amazing trading.
3 or C it is
