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Today for GDX I have Elliott wave charts, classic weekly and daily technical analysis charts, and a brief summary.

Summary: There is a strong downwards trend for GDX that does not show signs of weakness yet. Only when RSI and / or Stochastics reach oversold and then exhibit divergence may it be over. A new high above 23.64 would indicate the downwards trend may most likely be over.

MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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ALTERNATE MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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ALTERNATE DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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SECOND ALTERNATE MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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SECOND ALTERNATE DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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TECHNICAL ANALYSIS

DAILY

GDX daily 2016
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This analysis is published @ 02:58 a.m. EST.