$GDX breakout! Buy on any dip (4/5)
Conviction: 4/5
This is one of the two breakouts that we've been waiting for since May 2021.
Buy on dip (possible retested yesterday already) on the horizontal dash line around 31.81.
Need to wait for breakout of resistance line since August 2020 to fully confirm breakout. However, Gold seems to have already broken out... so seems like just a matter of time.
This is one of the two breakouts that we've been waiting for since May 2021.
Buy on dip (possible retested yesterday already) on the horizontal dash line around 31.81.
Need to wait for breakout of resistance line since August 2020 to fully confirm breakout. However, Gold seems to have already broken out... so seems like just a matter of time.
closer view