Make or brake for GDX for AMEX:GDX by TheLazyBrother

indicator gold

It is decision time for GDX. If it breaks the red line, the bear will continue, so higher highs (and ASAP!) are required to support the weak bullish case. Note the MACD bearish crossover.

Overall, it seems to support the bearish case for gold.

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Make or brake for GDX

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