GDX (Gold Miners ETF) has been riding along the bottom of its wedge, refusing to break down until GLD breaks below its comparable rising wedge pattern. Note, the price targets on these charts are the actual support levels, unadjusted for an optimal fill. Best to set your BTC or buy limit orders slightly above your preferred target if shorting or planning to go long either GLD or GDX as they approach your preferred target(s). Both GLD & GDX are still unofficial trade ideas at this time.
GLD & GDX Outlook with Price Targets
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