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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (115945)1/18/2024 1:44:43 PM
From: h_  Read Replies (1) | Respond to of 116791
 
Yesterday an ABCD pattern completed that started on Jan 2 on GDX. Should go up here.



To: Rarebird who wrote (115945)1/18/2024 2:15:19 PM
From: Sun Tzu  Read Replies (1) | Respond to of 116791
 
Thank you for taking the time to articulate your reasoning.
I agree that DXY and TNX drop (which tend to go together) usually brings a rally in gold. A similar logic is why I showed you the chart of GDX*SHY rather than GDX alone.

Here's a long term chart of what you discussed:
GDX, TNX, and the USD.