GDX 60 minute Jan 22nd

GDX 60 minute Jan 22nd

I’m still expecting a little more downside in GDX at this point. Several potential reversal levels shown here with 20.70 being my preferred correction target, at which point I will most likely have added back all my long exposure to the mining sector if/when we get there. I have placed a sell limit order on my DUST pullback trade just below the aforementioned 13.75 trade (sell limit at 13.67) although I might decide to pull the trigger before then, should I see any developments in the intraday charts that convince me to do so.

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