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Black_Draco74
Mar 9, 2021 2:04 AM

GDX Bearish pennant  

VanEck Gold Miners ETFArca

Description

A bearish pennant or half way pattern (down) is building up for GDX. A break of the pennant will bring GDX down to region $27.5 smack on the 0.38 Fib retracement of the entire move from March 2020 to August 2020. Gold miners are looking great value but Silver miners may still have more downside.
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