GDX Model

[Pascal]

The GDX Model is now within its cash protection area (below the oversold level.)
We already knew since 9:50 that a price bounce that does not attract buyers while the model is close to its Oversold level does not bode well for the rest of the day.

We can also see that even though gold crossed over the 1400 level, buyers are not coming in.



We could still bounce from here. This will depend on gold itself.

Do not hesitate to sell if price deteriorates and money does not come in, or even if money comes out but price does not deteriorate.