Gold price is hovering just above $1300. GOLD has a bearish target down to $1241. Only a daily close above $1332 and a weekly close above $1350 will change the downtrend.
GDX has strong support around $26, (July-Sep 2014 and May-Jun 2016). A break below $25 will target the next level at $22 by mid October. A weekly close above $28 will give a target move back to $32.
GDX has strong support around $26, (July-Sep 2014 and May-Jun 2016). A break below $25 will target the next level at $22 by mid October. A weekly close above $28 will give a target move back to $32.
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