GOLD 0.51% $1,391.7 gold futures

Major Trend Change, page-3

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    Here's the chart for GDX (Gold Mining Index in the U.S.):



    The chart bounced off major dual supports (horizontal and oblique).

    Volume in recent days has been the highest in more than two years. I didn't go further back than that.

    The positive divergence on the MFI suggests that the 'smart money' was positioning ahead of this possible trend change.

    Looks good to me.

    Redbacka
 
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