userque's Blog
After Fed, GDX Remains in Descending Channel
by , 05-20-2016 at 10:28 PM (1992 Views)
Been busy lately with testing/improving the Algo; otherwise, I would've posted sooner.
Even with the big drop on Fed Wednesday, GDX remains within an orderly price channel; and has bounced off support. That said, the trend is still down:
[IMG]http://imagizer.imageshack.com/img922/9548/VFjJ4D.png[/IMG]
[U][B]VIDEOS:[/B][/U]
[B]Gold Extends Weekly Losing Run Amid ‘Hawkish’ Fed Commentary[/B]
[URL="http://www.bloomberg.com/news/articles/2016-05-20/gold-takes-brunt-of-the-selling-as-fed-primes-markets-for-hike"]Gold Extends Weekly Losing Run Amid[/URL]
[B]Technician: Gold’s going lower, and here’s how I’m going to cash in[/B]
[URL]http://www.cnbc.com/2016/05/19/technician-golds-going-lower-and-heres-how-im-going-to-cash-in.html[/URL]
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