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GDX Bullish Rebound With GOLD at New All Time Highs

Written By: ChartChamp

March 13, 2024

I have been patiently waiting for GDX to show some strength. Other gold miners have been outperforming GDX, and I think GDX is starting to show some good bullishness here. These are my updated GDX price levels, I think there is resistance approaching at the yellow trendline around $31.34, and the light blue resistance target above that around $37-38 (this price target decreases over time since the trendline is sloped downwards). I think GOLD is having a bullish breakout, and I would give GDX some time to trend up here.

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