Next 2-3 trading days will decide where GDX is heading next. Gold approached the really STRONG resistance area, which is 1200ish. I'm looking for more confirmation on gold right now, may be a double bottom.
GDX we can see a strong double cheeseburger RSI divergence on daily chart, same as Mcdonalds(aka MACD). If RSI is not approaching further down while the price heading lower, then I'll long at any intraday low.
Let's see who has more power at this moment, bulls or paws.
say cheese~
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gold bear is attacking right now, and GDX just closed previous gap, patiently wait and see how far it's still gonna go down