Subscription: Gold & Miners

GDX - has climbed into out Red Target Box

GDX has opened right inside our Red Target box. Look how ugly is the structure of that move up off the last low made at 27.61 on 1-14-2020 I maintain my bearish out look for GDX. It can drop down to 27.50 – 27.00 once again in subwave -c- down that would complete a larger corrective wave ( b ) down.

GDX - 90 min chart updated at 8-55 AM on 1-27-2020

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