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as a follow up to Steve's post, here's a 60 min chart of GDX which shows the gap fill, but GDX also basically bounced off the 50% Fib retracement, and measured move of the pattern.
if gold breaks through its support, do you still think GDX will hold up?
harshblue - if that happens I expect GDX to get hit as well.
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as a follow up to
GDX Daily View
Posted by matt on 25th of Jun 2012 at 01:47 pm
as a follow up to Steve's post, here's a 60 min chart of GDX which shows the gap fill, but GDX also basically bounced off the 50% Fib retracement, and measured move of the pattern.
if gold breaks through its
Posted by harshblue on 25th of Jun 2012 at 01:53 pm
if gold breaks through its support, do you still think GDX will hold up?
harshblue - if that happens
Posted by steve on 25th of Jun 2012 at 01:54 pm
harshblue - if that happens I expect GDX to get hit as well.