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CosmicDust

GDX weekly - facing long term resistance soon - 10/14/2015

VanEck Gold Miners ETF (AMEX:GDX)  
CosmicDust  
AMEX:GDX   VanEck Gold Miners ETF
GDX
2
0
gdx
The triple resistance (red, purple and 40 week MA) is around $17 and it is very close to it. Expecting a pullback from there (not sure how deep, like 0.382, 0.5 etc., or if any at all). So far the rally is still a counter trend rally, though it might be the bottom as well.
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