breakup setupA nice setup for a breakout spotted.
Inverse H + S pattern.
fibonacci also showing a resistance level.
LongCompare with S&P/ASX All Ordinaries Gold Index
Long
XGD ~ Snapshot TA / ASX Gold Miners IndexASX All Ordinaries Gold Index
Constituents:
ASX:ALK ASX:EVN ASX:GOR ASX:NCM ASX:NST ASX:PRU ASX:RMS ASX:RSG ASX:SBM ASX:SLR ASX:WAF ASX:WGX
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Aussie Gold Miners rallying here.The Australian gold mining index has demonstrated a strong rebound from recent lows, presenting a range of possible scenarios for the future. Three likely options are represented by the downward red arrows on the chart. It is difficult to predict which scenario is most probable, but a breakout to al
Long
Finally XGD breaks out of its downtrendThis is likely the beginning of a new impulse phase for the miners
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XGD bullish reversal confirmedXGD - asx gold miners index has reversed directon
1. 3 green soldiers
2. Count back line is broken
gold miners will predict a higher GOLD price in the coming months
Long
XGD.AX Gold Index Fibonacci analysis of c-wave-Fibonacci analysis of c-wave_possible last wave of set
-currently in a position of extended flat which could possibly signal the end of the extension if it can hold the 1.272 extension level
-we will see. its around here somewhere. the bottom. anticipate until confirmed and validated and not bef
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Short
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XGD at support better buying opportunities nowRSI is neutral
Support around 50 % retracement and 30 WMA
Long
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Displays a symbol's value movements over previous years to identify recurring trends.