Perfect backtest of GDX long term resistance adds fuel to minersBacktest of the GDX long term trendline has occurred at approx 32.5. It has held up till now which confirms the bullish uptrend in the miners and will add a lot of fuel to the next leg higher. However if it does not close thise week above 32.5, expect miners to head much lower. I do not think this will be the case.
