GDX still moving into its next ICL
The USD is bouncing while Gold & PMs are heading lower. Gold & Silver have not made lower lows yet but that is still my expectation as GDX has delivered another Failed short-term Daily or Trading Cycle today confirming it is still seeking out its next Intermediate Cycle Low (ICL). Here is a free post I just made on Twitter.
#GDX has delivered another Failed short-term Daily or Trading Cycle today and is still seeking out its next ICL (my target box is shown below.) #Gold #Silver #GDX #GDXJ pic.twitter.com/AgDfvCTTc8
— Surf City (@SurfCity_Cycles) October 28, 2020