Friday, July 11, 2014

Gold-Gold Miners Update

Just a quick update...
Gold is now in a short term uptrend heading towards 1380$ where it will probably bounce and correct towards 1315$

Similar situation for the miners (GDX).GDX has just broke a declining resistance line (weekly chart) currently at 26,18. GDX will bounce again at 28$(or  a little higher) and correct towards 26$ to test the break-out.