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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- Major Trend Change
Here's the chart for GDX (Gold Mining Index in the U.S.): [IMG]...
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