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GDX

Posted by Richard640 @ 7:17 on July 25, 2019  

Gold Pennant: Will It Supersize The Rally?

— Published: Wednesday, 24 July 2019

Stewart Thomson, Graceland Updates 

  1.  For a look at the important weekly chart for GDX, please click here now: https://gracela ndjuniors.com/wordpress/wp- content/uploads/2019/07/2019jul23gdx2.pngDouble-click to enlarge. If the bull flag on the daily chart plays out, GDX is going to my $30-$32 target zone, and to $37-$40 if the “supersize” bull pennant on the gold bullion chart activates.
  3. The breakout above $26 on the weekly chart has turned the entire $23-$26 area into a massive support zone, so any failure or churning in the flag/pennant formations is little more than an annoying bearish fly that should soon be swatted away by a growing army of excited institutional buyers!

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.