GDX Found a bottom?
Range low at $28.90 was defended by buyers. Looks as if we have found a bottom for now. If it continues with some momentum the stock could see the range highs at $34.91. Would need to break past range high to confirm shift in market structure. Not in a position at the moment as I wait to see which route GDX takes. Bullish longer term on gold and precious metals.
I'll enter on the break and retest of $34.91
Or, I'll enter short if we get a clear break of $28.90.
I'll enter on the break and retest of $34.91
Or, I'll enter short if we get a clear break of $28.90.
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