Loading ...Gold Fib Levels Captured Bounce Zone
Gold prices were framed amazingly well within the fib zone I identified ahead of the bounced although I admittedly didn’t expect the GDX to move as much as it did in response. Now I’m watching to see if $1112 holds….if not it appears prices will drop all the way to the $1097, where bulls will be looking for a bullish backtest. I suspect a breach of $1112 means lower lows ahead…………
Broadening pattern broke down on GLD. First target is gap fill area.
http://schrts.co/17dE1w
gdxj backtesting the dt breakout/so far.. right around 10 am lol
http://schrts.co/ZBr9Vh
Grin – let’s see if GDX 14.55 morphs into resistance. It really needs to bounce here for the short term bullish scenario to remain intact although it appears the pattern already broke down. We will know more at the close.
http://schrts.co/nRP3Ty
Had planned to buy jnug when gdx hits 14.47 ish . Did so a little early @10.11, now have 7% more shares than yesterday by selling before the close yesterday.
http://schrts.co/efxDYf
wow…this is some volatility!
stopped right at the gdx 14.92 fib, out of jnug and waiting for a pullback
Looks like JNUG gap is now filled. On hourly the broadening pattern is still intact. More time needed…………..
http://schrts.co/uqYS7V
gld attempting a flag bo
http://schrts.co/a9zdll
GDX approaching a critical area…
http://schrts.co/nRP3Ty