GDX

[Pascal]

The GDX Model is close to its Buy protected level.

This means that if we close higher than that level, a break below it would trigger either a sell or a short signal depending on volatility.

If we close above that level, we will be much better positioned to catch the right trade direction for earnings releases of next week.



Pascal

[Pascal]

It might look like accumulation and "strong positive divergence today", but this is only an effect of the scale.
In reality, not price is hopping around following the gold price evolution and large players are nowhere to be seen.


Pascal