GDX And HUI Have Broken Out
Both have zones of horizontal resistance, but the big breakout from the descending resistance is already behind us…
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POSTING INFORMATION
As stated in previous post, it depends if you look at horizontal GDX resistance from last 2 years near 24 level then there is NO break out, however if you take the descending trend line there is obviously a break out. I guess this descending trend line break is more important as signal.
Spot on Alex. The change of trend occurs when you break through the declining resistance line. The horizontal resistance is higher up and may provide a period of turbulence to delay progress for a while.
Congrats Geordie,
In my books anyway…
YOU called it and Rambus confirmed it.
Crackerjack: P
Thank you Paul. We still need to clear $1400 but with breakouts in virtually every global currency its surely just a matter of time.