GDX is starting to show signs that it's running out of steam, I would prefer to wait for stronger signals before considering a DUST long and see a gap fill in GDX, but for now, here's how things are shaping up.
GDX 1 min showing some distribution on the bounce expected today, however there are stronger signals.
Like this 2 min and below at 5 min.
5 min GDX. I'd like to see the gap at the orange trendline filled and of course the indicators giving stronger confirmation before re-netering DUST.
GLD is still mostly in line and has a bit further to go to fill its gap.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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