Gold Stocks Are Battling Major Resistance Area
Image Source: Pixabay
GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move.
Video Length: 00:05:42
More By This Author:
Failed Breakout In Gold But Weakness In Miners Is BoughtThe Move in Gold Stocks is Just Starting
Gold Breakout & This Warning Signal Is Approaching Code Red
Disclosure: None