After The Close
No New Weekly High
GDX price action pushed through the 3-day highs shown in the last update. Even so, on a weekly basis, price action was unable to make a new high.
We see on the chart, a breakdown through support and this week’s test.
After today’s Fed speech, we’ll see if this is all there is for the upside on gold and the miners.
Recall, from a recent J. Bravo update, there aren’t any bears left.
Charts by StockCharts