Gold Miners ETF Challenges First Resistance
The Gold Miners ETF (GDX) remains in a downtrend overall, but the ETF is showing signs of life with a resistance challenge to start the year. Resistance in the 22-23 area stems from broken support, the August trend line and the early December high. GDX needs to clear this zone before chartists can consider this surge more than just an oversold bounce.
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Gold Miners ETF Challenges First Resistance
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