Market Vectors Gold Miners (GDX) Long

Market Vectors Gold Miners (GDX) may be setting up for a nice long trade here soon. It’s already broken out above a three-month downtrend line, as well as its 50-day MA. If it continues to show strength here soon and breaks above this 4 day high then it could be a good short-term long trade or a great entry for those who are long term bullish in GOLD. Have fun!

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