Loading ...Gold and Miner (GDX) Trading Cycles
We have entered the early part of the timing band where Gold and the Miners usually find a TC Low. Since the Jan 2016 Low, these have been brief, mild affairs. Note on my two charts below the small breakdown in price below the previous blue TC Uptrend moves Gold and the Miners into a TC Low.
This usually happens to signal a move into a TC Low. To mark a longer 5-6 month IC Low, the last TC Low is also usually lower than the previous TC Low. Again, this is what usually happens. Not always, but that is the Cycle norm.
