VanEck Gold Miners ETFUpdated Channels Are Deadly Accurate
GDX/GOLD slammed into resistance, probable downside incoming, but a very tight fight with very little between both sides.. Not out for the count yet.
Note
Miners can often front-run gold bottoming. If investors feel conviction about paper prices bottoming, then GDX or GDXJ will price in the anticipated move early.This is the end of the quarter in what is usually a bad month for precious metals. It is worthwhile remembering that APR 1st is in two days, the beginning of a new quarter.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.