Gold/Silver are slumping, but considering GDX is due for a rebound, this scenario may still be promising. Wait & See.
See if the rocket would take off this time. S/L at 11.25
Considering the current bullish move from Gold, this looks plausible.
Price into W DZ, w8ing at D1 TF for PA. 2 TP: 1st - W SZ, 2nd 3MN SZ. Will see what price do at W DZ. Now...w8. Patience as always :)
Classic MACD long signal. This is a strong buy
The last part of the leg down?
it hit Fibonacci extension 1.1618 today
4.72 is my target, I have a buy order @ that level
I am still bearish $GLD
It can last hours, days or weeks; waiting to buy in a reversal.
A selling force reflected by a long bearish candle is followed by the second day's vacillation. This could be a reversal
right at support in Fibonacci. Interesting setup for a dead cat bounce
I would not open NEW short position at this moment
risky position, only for day traders
$BVN dropped from Nov. 2010. top @57.20 to 2014 low @9. 4 weeks provided support at this low price still struggling to break the $10 mark. Fundamentally seen, a reasonable potential for growth in 2015 as PMs are expected to rise. Getting in cheap for a climb into $25.30 :)