The miners (GDX) have been hit hard lately along with GLD and SLV but there’s a technical glimmer of hope for this volatile gold bug. Currently at longer term support and itching for a break back up to the 6o’s we’re seeing some strong evidence of that move today. It’s Friday so an afternoon fade is typically and the NYAD has been on a downslope all day but next week could see a big move, respecting the usual news surprise caveats. Both the MACD and RSI14 have kept traders on the right side of this trade and both are now poised for a run back to the MA 50.
