Gold Miners Index– trend following analysis

gold mining stocks coming down

Gold Miners Index (GDM) (GDX) the Index is breaking long term support. The Monthly and Weekly S/R (Support and Resistance Price Level) is $598.50, currently trading intraday at $593.62. The Index today is trading under 10% annualized growth rate, over 200 days, but over 5%, over 200 days.

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Author: Trendanomics

Trend following the markets with simple trend following strategies.

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