The Canadian Technician

GDX - Head Shoulders Bottom?


GDX is an ETF that tracks gold miners.

In Canada the gold miner ETF  is XGD.TO.

GDX 20140110

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

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at 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). Learn More
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