GDX Update

After The Close

No New Weekly High

GDX price action pushed through the 3-day highs shown in the last update. Even so, on a weekly basis, price action was unable to make a new high.

We see on the chart, a breakdown through support and this week’s test.

After today’s Fed speech, we’ll see if this is all there is for the upside on gold and the miners.

Recall, from a recent J. Bravo update, there aren’t any bears left.

Stay Tuned

Charts by StockCharts

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