Horvat (EW) on GDX
https://wavetraders.com/blog/gold-miners-show-first-bullish-evidence-nov-24-2022/
” The main reason for the gold market rally is a reversal down on US Yields and US Dollar-DXY after a completed 5th wave, on speculation that FED is going to slow down the hawkish approach”
pedro asks …. completed 5th wave AT WHAT DEGREE ???
(if 5th wave of IIIrd wave, then we are simply in a IVth wave with more DXY upside ahead.)
ie, all eyes on DXY and proxies (as it nears 200dma); as well as next CPI print.