The gold miners' ETF is testing its downward trend line again today, and may be in the process of making a rounding bottom. Buy low in the crescent or watch for a bullish trend line break. Gold has been showing some strength due to Fed policies and dollar weakness. It could break out upward on news of either significant market weakness or a breakdown in the US dollar.
Note
Gold broke the trend line today!
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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.