With the typical reaction (bounce) off T1 that GDX hit on Friday, any of all of the recent reaction highs & up to but ideally not above the 50.12ish resistance (former support) will offer objective short re-entry levels for those that covered and/or reversed to long to game a bounce off T1. Another way to say it is the yellow area is an objective “scale-in” zone for a re-entry or new short entry on GDX. Previous & updated 60-minute charts below.
GDX 60m April 25th
GDX 60m May 5th