Loading ...GDX and DUST
GDX has now breached its short term Trading Cycle or Daily Cycle uptrend line.
While it may bounce here, a breach of the uptrend line usually signals the move into the next TC Low or DCL has begun. The tricky part here is that I have Gold on day 22 which is the early part of my Timing band to find a TC Low or DCL. Based on this alone, one needs to be careful with short positions, IMO.
Charts in attached link.