Let’s check the technical situation on the GDXJ’s chart, which serves as a proxy for junior mining stocks. We’re focusing on them, as mining stocks often lead gold and silver prices, so by addressing miners, we can be earlier with regard to indications for the gold market.
This is the second verification of the breakdown below the August lows. The first one that we saw in late September was quickly followed by more declines. This might happen here as well. Back then, we also saw such a move lower in RSI, and it was actually the pause before the final run-up in the USDX before a bigger correction followed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks waver after inflation data surprise, Fed minutes: Stock market news todayWall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks waver after wholesale inflation data surprises: Stock market news todayAfter the PPI update suggests inflationary pressures persist, the focus is on Federal Reserve minutes for insight into whether the era of hikes is over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks climb amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks climb, yields plop amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks open higher amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »