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home / news releases / GDXD - The Technical Picture: More Time Is Needed Before A Sustainable Rally Begins

GDXD - The Technical Picture: More Time Is Needed Before A Sustainable Rally Begins

MicroSectors Gold Miners -3X Inverse Leveraged ETNs

Summary

  • Since breaking below $1700, gold has been trapped around $1650.
  • Silver saw a strong rally above $21 but then broke down below $20 again.
  • While many indicators are bearish, the absolute lack of interest shows that the market is starting to bottom.

For further details see:

The Technical Picture: More Time Is Needed Before A Sustainable Rally Begins
Stock Information
Company Name: MicroSectors Gold Miners -3X Inverse Leveraged ETNs
Stock Symbol: GDXD
Market: NYSE
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