GDX(VanEck Vectors Gold Miners ETF) extends gain off Wednesday’s low to 7%. This week’s low tested a major support zone. The 40 week moving average as well as the September lows mark this area. Is a major double bottom in place?
Both daily and weekly MACD indicators are tracing out a divergent low.
Top 5 holdings: $NEM, $ABX.TO, $FNV.TO, $WPM.TO, $NCM.AX