Many think that GDX is ready to rally after the epic 30% loss. However, the candles might have a different idea. There is no reversal event has been registered yet. Let’s have a look from different angles.
This analysis contains:
– an overview of multiple candle charts and TA;
– a mid and short term forecasts and targets.
This post is part of the Weekly Analyses (link) series that @InvestingAngles offers to followers and subscribers. The series covers US and global major indices, VIX, DXY, gold & silver, GDX, natural gas, Bitcoin and Ethereum, and some large cap stocks.
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This epic forecast of a 30% loss was shared with subscribers on April 9th. The results – on the right chart. No more comments.