GDX has already tested and held the 50% retrace, but price pattern looks like it could dip lower to the 18s. 17.77 is the 61.8% target, just under the red C=A target at 18.21. IF this is an Ending Diagonal then price should react strongly on completion, bouncing to at least the mid 22s in the start of wave 1 of (3).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.