GDX (Market Vectors Gold Miners ETF) continues its gradual pullback after the strong bounce in mid September. Support is found near 34. We should see a few more days of consolidation at those higher levels followed by a new major upleg. First significant resistance is 39, followed by 42.5 (61.8% Fibo retracement). Above that level, a move towards 52 and beyond becomes likely.
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