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GDX First Support Level/Potential Target Hit, Staying Short

The first support on GDX has now been hit where quick profits (partial or full) on DUST could be taken. Personally, I favor more downside & plan to sit tight for now despite a potential reaction off this level. My preferred target remains the 15.25 area on GDX/16.30 on DUST at this time. Updated 60-minute chart:

GDX 60 min Oct 19th

GDX 60 min Oct 19th

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Oct 19, 2015 10:42am|Categories: Completed Trades - Short, Gold & Commodities|Tags: , , |Comments Off on GDX First Support Level/Potential Target Hit, Staying Short