GDX Bullish
GDX Daily Timeframe.
-GDX has successfully closed above the falling wedge pattern which has been formed since 6th August 2020. Thus, this would be a potential continuation of its major bullish trend.
-In smaller timeframe, both H4 & H1, GDX also formed a double bottom with the neckline in $35 price range.
-Bullish divergence is clearly presented in daily timeframe (MACD).
-The rising market uncertainty from Russia's invasion towards Ukraine affects investors and market makers to secure their money in safe haven assets such as gold and other commodities.'
-Overall view : Bullish with the following resistance in $40, $42 & $45.8
-GDX has successfully closed above the falling wedge pattern which has been formed since 6th August 2020. Thus, this would be a potential continuation of its major bullish trend.
-In smaller timeframe, both H4 & H1, GDX also formed a double bottom with the neckline in $35 price range.
-Bullish divergence is clearly presented in daily timeframe (MACD).
-The rising market uncertainty from Russia's invasion towards Ukraine affects investors and market makers to secure their money in safe haven assets such as gold and other commodities.'
-Overall view : Bullish with the following resistance in $40, $42 & $45.8
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.