I’ve added to & revised some of the existing trendlines on the updated GDX & GLD 60-minute charts below. The technicals on both GLD & GDX continue to firm up & both appear poised to break out on any additional gains from current levels as they are currently challenging downtrend line resistance.
- GDX 60-min Aug 9th
- GLD 60-min Aug 9th
To view the previous notes, including the trade parameters for the GDX official swing trade, click on the GDX “tag” located below the bottom of this post.