Chart looks bullish as long as price is in this top range. I would prefer to see a deeper correction in PRICE, or a base building range / double bottom etc. in TIME for a more sustainable uptrend. Entering now would mean I trade right in to the supply / sellers zone. For those of you that hold miners, please notice that GDX is touching its 200 MA on the weekly chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.