CosmicDust

GDX update - short term weakness - 1/29/2015

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
GDX
127 0 2
gdx
Short term weakness is expected (see RSI channel resistance). I would not be surprised if it retraces to 0.382 Fib level. Also expect bounce on lower bound of the RSI channel is hit in coming day. The main trend is still up (see weekly chart).
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