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GDX Reversal Off Resistance Likely

After bouncing off the 17.20ish support level (gap backfill) GDX has now hit the formidable 17.80ish resistance level where I'd expect prices to reverse & move down towards my primary target (blue uptrend line).

GDX 15-minute Feb 17th

GDX 15-minute Feb 17th

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Feb 17, 2016 10:18am|Categories: Gold & Commodities|Tags: , |2 Comments

2 Comments

  1. Mrg5a February 17, 2016 10:21 am at 10:21 am

    https://www.tradingview.com/x/pXjFbxAc/

    Gold 5Min in rising wedge

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  2. GetItRiight February 17, 2016 11:45 am at 11:45 am

    How many more touches will GDX have of that 17.75 ish resistance line?

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