Loading ...$USD Poised to Break Higher
I’m going to take any GDX bounce we get today and move into cash, preparing myself for a $USD breakout. I think the next leg down in gold starts sooner than we think. Depending on timeframe we have a consolidation flag ready to break and we also have a cup with handle.
http://charts.dacharts.net/2015-08-06/d1487.png
http://charts.dacharts.net/2015-08-06/d1486.png
short term charts for gdxj and gdx; on gdx i see the current support as the green line that was just hit.. the resistance level im more uncertain of on gdx.. either green line above or the blue line higher up.. on gdxj the orange line is parabola that was hit yesterday