The last update on GDX, showed the projected forecast higher.
That’s exactly what happened.
Price action is just a little bit shy of the 38-area; next week may see continued move upward.
There’s also the possibility that was it. Gold and miners may head lower from this point.
If GDX continues higher (to ~38) in counter-trend action, Fibonacci day 21 from the November 24th low, is next Wednesday, the 23rd.
Charts by StockCharts
