Gold Miners Index – the rally continues

Gold miners holding support, looking Upward

Trend following The Gold Miners Index (GDM), in a strong long term Upward trend, stronger than the S&P 500 Index (SPX), the next Monthly Bullish S/R (Support and Resistance Price level) is found at $661.90. So those already long, will look to nibble some more, and those not long may look to establish a new position at a close over the March High. There are various ETF options, such as the $GOAU. So as usual, all the trend following best practice ideas remain the same, multiple positions, small position size, stop out when your risk parameter is hit. A starting trend following portfolio could be the $GOAU, and the $SPY.

Gold Miners Index (GDM)

Author: Trendanomics

Trend following the markets with simple trend following strategies.

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