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$GDX Law of Angles says 5% risk for longs remains present
VanEck Gold Miners ETF
(
AMEX:GDX
)
jamison.gaddy
AMEX:GDX
VanEck Gold Miners ETF
GDX
GLD
NUGT
DUST
2
0
gdx
gld
nugt
dust
$GDX appear to be going through another phase of bullish absorption of supply; however, in doing so violated the 2/1 Gann Angle. Law of Angle suggest that 3/1 angle support should be tested. This correlates with previously defined support 5% lower
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