How Turkey's Love Affair With Gold Impacted The Global Market
https://www.zerohedge.com/political/how ... bal-market
If GDX is able to break above $29.56, that opens the door to a much stronger rally over the next several weeks.
The subsequent upside target will be the $32.63 level.
A breach of this critical resistance level will tell me that the bulls are firmly in control of this market.
Currently, the BPGDM is in extremely oversold territory. It will generate a buy signal when it turns higher from this condition.
We don’t have that buy signal yet. But, the chart is setting up for it.
And, when it happens, gold stocks should perform quite well for several weeks.
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