GDX, weekly
GDX, monthly
Summary
Suffice to add... we are in a mid term upward trend from the Dec'2016 low of $18.58. That remains significantly higher than the Jan'2016 low of $12.36. Broader price structure since last summer is arguably a large bull flag.. or wave'2 retrace.
The 200dma is in the mid $24s. Frankly, I want to see at least the $25s to have some kind of provisional bullish confidence that the $18s were indeed a key higher low.
The super conservative 'bullish chasers' can start chasing with a weekly/monthly close >$27.
