CosmicDust

GDX weekly - facing resistance

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
GDX
43 0 3
gdx
GDX             has been rising too fast and now facing strong resistance. I will not be surprise if it gives back half of the gain and falls to $16.5 level. But if dollar continues to weaken, a shallower drop or even continued rise is also likely.

I will be waiting for a break out (above blue resistance) before adding new position.
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