GDX is an ETF that tracks gold miners.
In Canada the gold miner ETF is XGD.TO.
The Gold miners are trying to turn up here. The turn is important as sentiment towards the gold miners ETF is very very low. If you like the miners, this is worth paying attention.
This is a 60 minute chart and the base looks to be 6 weeks wide.
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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