VanEck Gold Miners ETF
Long
Atualizado

GDX support zone

269
Risk vs Reward alert is good here as long as the support zone holds.
GDX broke out of the down trend line / resistance zone, and pulling back to test the zone again.
In EW cycles, GDX looks to be forming micro 3 - 4.

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In Diagonal, GDX needs to move up and retrace back down (1-2) before taking off. Still a long way to go before we can be confident.
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Nice up movement today.
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XAUUSD is up nicely. GDX is lagging but made a new higher high.
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GOLD chart for reference
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Trimming my position here
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Aviso legal

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