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GDX : approaching resistance and is already overbought

GDX is in a correction mode since early August.Currently GDX is approaching a descending resistance trendline and is already overbought.A bounce lower is very possible.If GDX breaks above resistance then the next target is 27 at the end of the month.

Happy trading!


GDX : approaching resistance and is already overbought GDX : approaching resistance and is already overbought Reviewed by Information on 13.55 Rating: 5

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