Comments on: On Watch for Consecutive Divergent Highs In GLD & GDX https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:19:44 +0000 hourly 1 https://wordpress.org/?v=7.0 By: snp https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/#comment-1820 Wed, 15 Jun 2016 20:22:30 +0000 http://rightsideofthechart.com/?p=171782#comment-1820 gdx has taken out the weekly 200 ma, but the first tag was a good short. I think the best place to short GLD would be the same, a tag of the 200wma, around 126.40

]]> By: rsotc https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/#comment-1819 Wed, 15 Jun 2016 19:32:34 +0000 http://rightsideofthechart.com/?p=171782#comment-1819 In reply to schooner.

schooner, I’d have to agree with that or at the very least, the initial knee-jerk reaction to the Brexit vote is likely to be quite dramatic.

]]> By: rsotc https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/#comment-1818 Wed, 15 Jun 2016 19:28:18 +0000 http://rightsideofthechart.com/?p=171782#comment-1818 In reply to snp.

That is funny although GLD didn’t care too much for that last divergent high on May 2nd which was immediately followed by the biggest drop in gold so far in 2016. Maybe this time will be different. With only 35 minutes left in the trading session, GLD has a very impressive bullish engulfing candlestick ready to be finalized. As such, the torch has been passed to the gold bugs so let’s see whether they can take it & run or if the fumble the hand-off & drop it.

]]> By: snp https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/#comment-1817 Wed, 15 Jun 2016 19:20:17 +0000 http://rightsideofthechart.com/?p=171782#comment-1817 GLD=gold loves divergence

]]> By: schooner https://rightsideofthechart.com/gld-gold-gdx-divergent-highs/#comment-1816 Wed, 15 Jun 2016 19:04:06 +0000 http://rightsideofthechart.com/?p=171782#comment-1816 Randy, thanks for the charts. Per my post on Brexit a few minutes ago, I think gold direction will be determined by the vote in a week.

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