HUI Update…A Treat For Long Suffering Gold Traders

Rambus
February 20, 2019

Below is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.

The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.

Below is the weekly chart for the GDX which shows the breakout starting to gaining some  momentum.

Below is the weekly chart for the GDXJ which shows all systems go.

I will be out of the office this afternoon and probably won’t make it back before the close. It’s been a long time coming so enjoy this day as there will be many more to come. It’s just getting started.

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Meet Rambus, a seasoned trader and technical analyst renowned for his unbiased and insightful chart work. Through his website, Rambus Chartology, and Substack newsletter, Rambus shares his expertise with a global community of subscribers, providing daily updates, commentaries, and hands-on training in the art and science of chartology. With his calm, humble, and down-to-earth approach, Rambus demystifies complex market trends, helping his followers navigate the challenges of today's volatile markets. Join the Rambus Chartology community today and discover a unique blend of technical analysis, trading expertise, and time-tested protocols. Subscribe now at www.rambus1.com or https://rambuschartology.substack.com/

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