Gold Miners (GDX) Back At Neckline Support

in #trading6 years ago

The Gold Miners ETF is right back at the neckline of the inverse head and shoulders breakout. There was bullish divergence at the lows and volume on the breakout so should buyers return, this remains a sector where I think there will be good opportunities on the long side of the trade.

Any move below the right shoulder at 18.14 would be bearish and suggest the lows are not yet in place.

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