In previous forecasts I suggested that GDX to close in September lower than in August and possibly paint a similar candle as in August. It happened. Everything according to the plan charted almost a year ago. What is next? Today is the end of quarter and we have a chance to look at the freshly minted quarterly candle. Let’s evaluate the next moves from the perspective of quarterly/monthly candles and Fibonacci levels.
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The detailed previous Monthly and Weekly analyses with forecast can be found by the links below.
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Previous Monthly & Weekly: