$GDX Daily Analysis 19.08.2021
As forecasted yesterday, $GDX continued to go down and formed another bearish continuation candle. No sign of bottom yet. Let’s explore the hypothesis. As I forecasted in the Weekly Analysis, $GDX continues to decline: https://investingangles.com/2021/08/14/gdx-weekly-analysis-14-08-2021-gold-gld-gdx-preciousmetals-investing-trading/ DailyToday’ candle is a standard bearish continuation candle. The 100/200d MA bearish cross and other indicators support a continued decline….
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