Monday, March 24, 2014

GOLD DAILY-GDX DAILY

Gold did break the trendline from Dec2013 today(and stopped exactly at 55 days exp moving average) and now is moving towards 1285$ where it will probably reverse.As it turns out,  in Friday we gold did not managed to make a golden cross as we noticed(http://goldenopportunitytrading.blogspot.co.uk/2014/03/golden-cross-or-not.html)





























GDX also broke its respective trendline earlier than gold and is now moving towards 23,20$ where it should bounce and reverse, forming the right shoulder of an Inverted Head and Shoulder pattern(IHS).
Then probably will move towards 30,45$ and then 34,90$