Goldcorp (GG) chart analysis

Time to monitor for bottom formation chart pattern
Goldcorp (GG) 5 Year Logarithmic Chart showing the major, intermediate and near-term downtrend.

Goldcorp (GG) 5 Year Logarithmic Chart

The gold miners are trading well into bear territory. Take a look at the 5 year chart for Market Vectors Gold Miners ETF (GDX) which is approaching the 2008 low. Barrick Gold (ABX) is testing the 2008 low.

Goldcorp (GG) has the largest market cap in the industry and some of the best fundamentals. Never try to catch a falling knife but it is time to monitor for a bottom formation pattern.

Reference the last chart analysis for gold.

Relevant articles picked from the Web:


Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2013

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.