A bearish pennant or half way pattern (down) is building up for GDX. A break of the pennant will bring GDX down to region $27.5 smack on the 0.38 Fib retracement of the entire move from March 2020 to August 2020. Gold miners are looking great value but Silver miners may still have more downside.
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.