Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

GDX Bullish Rebound With GOLD at New All Time Highs

I have been patiently waiting for GDX to show some strength. Other gold miners have been outperforming GDX, and I think GDX is starting to show some good bullishness here. These are my updated GDX price levels, I think there is resistance approaching at the yellow trendline around $31.34, and the light blue resistance target above that around $37-38 (this price target decreases over time since the trendline is sloped downwards). I think GOLD is having a bullish breakout, and I would give GDX some time to trend up here.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

SLV Reached the $27.31 Price Target

In the last update I discussed how SLV had a successful breakout, and the price target has reached the exact target of $27.31. There has been a selloff from the Iran FUD, but I think SLV can rebound and continue to trend up towards the other price targets. Previous SLV Update: The rejection exactly at […]

Read More
Default Thumbnail

GOLD Continues to Climb Towards $2,567.50

The Iran FUD led to a pullback across the financial markets, including for GOLD. However, GOLD has rebounded, and continues to trend up towards the $2,567.50 price target. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

Understanding the Recent Surge in Oil Prices

In recent weeks, the oil market has witnessed a notable increase in prices, driven by geopolitical tensions and concerns over supply constraints. This uptick, marked by a more than 20 percent rise since mid-December, with a significant jump of over 10 percent in the past month to around $90 per barrel of Brent crude oil, […]

Read More