Just as Gold and equities plummeted over the last 4 weeks, GDX was in no way spared, losing at least 25% from 4 weeks ago. An absolutely deep retracement following Gold prices.
Daily candlestick pattern suggest a brief consolidation at current levels, 30-31.
Do not yet see a bottoming pattern... not yet.
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Now, just need to close the gap and close for sure. ie, close above 31.70 and remain well above 31.70, with technicals supporting.