Loading ...Gold and Miner GDX Intermediate Cycle thoughts
We are only 2+ months into the Intermediate Cycle that started in late May. Too early for a top, IMO.
Added: Some longer term charts to provide some additional prospective on the overhead resistance we are encountering. Big move ahead if we can break through.
So you expect long term resistance to be broken this time due to where you think we are in the current cycle?
In the near term, Gold and the Miners could move a bit lower but I do think it is likely that this key trend line will be broken sometime over the next 2-3 weeks.