GDX forming higher low flag; expected to rally to 105 (short-term) and 118 (intermediate-term) if current low holds.
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we can do GDX. Of course, we have GDX on the weekly chart. Uh there is a low that formed, rallied, and is now forming that higher low flag. uh as we speak here. Let me see if I can get this drawing tool to work.
This higher low flag that is actually forming here. And we're going to be looking for this to then turn its way back to the upside through the uh the 786 at 107. Hit the old high reasonable at about 118 on the intermediate term.
Shortterm a low that that has been due. We're looking for this to form a higher low here uh and then turn its way back up towards the 105 area on the upside. Obviously, if it loses this low here, that would invalidate that bullish thesis in the short term.
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