The Key Support Level for Gold & Gold Stocks (GDX)

Owner, The Daily Gold • Jan 15, 2021 at 3:00 PM EST

There is a specific moving average that has provided historical support for Gold during bull markets in the 1970s and 2000s.

There is a specific moving average that has provided historical support for Gold during bull markets in the 1970s and 2000s. There is also a specific moving average that has provided support for gold stocks. It appears Gold and GDX could test and bottom at these moving averages.

Video length 00:05:36

Disclaimer:

TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium newsletter are intended only for informational, educational and research purposes only.

The information, facts, figures, data and analysis included in our publications are believed to be accurate, reliable and credible but nothing has been independently verified for its certainty. Also, facts, figures and data can change at any moment, thereby affecting past analysis and conclusions. The newsletter and website are not tailored to anyone’s financial situation and therefore do not, nor could they; take into account the needs, objectives and financial situation of its readers and subscribers. Readers are strongly encouraged to consult with a qualified financial advisor before making any financial decisions.