GDX Buy Oversold signal

[Pascal]

As expected, we have a Buy Oversold signal in the making.
Since the gold futures also attract money on an oversold bounce, the signal will probably be confirmed rather soon.


Pascal

17552

[Pascal]

A small note on the Probability.
If gold cannot have a substantial bounce, then I believe that the gold miners bounce will fail.
With the US$ weakness of today, gold is holding relatively well.



Pascal

17567