Hi, it seems like GDX didn't catch up with strong XAU, and yesterday it dropped with bigger volume. However, on the other hand, USD back to downward trend, and US stock market finish quite consolidation phase and target to get lower and shock investors, which are good for Gold.
how do you evaluate updating? Macro environment benefit GDX quite a lot, but why GDX dropped yesterday? so weird.
Swing_Trader
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@lantao517, macro will not matter in the long run it will pop soon. :)
lantao517
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Seems like GDX found strong support around 22.2, and it is moving towards the end of Wave 2, which means impulsive wave 3 is coming soon, how do you think about it?
Swing_Trader
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@lantao517, i think will be in for a surprise get ready for a rally of a life time. :)
how do you evaluate updating? Macro environment benefit GDX quite a lot, but why GDX dropped yesterday? so weird.