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inthemoneystock (< 20)

Trade This Gold Level

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May 21, 2012 – Comments (0) | RELATED TICKERS: AEM , AUY , GDX

GDX: Short term traders should watch for intra-day resistance around the $43.00, and $43.50 levels. Take note, the GDX is still trading below the important daily chart 50, and 200 moving averages, this technical position puts the important ETF in a weak technical position. All of the leading gold mining stocks are holding up very well on an intra-day basis. Most of the daily charts of the gold mining stocks are still very vulnerable to declines after this short term bounce concludes. 

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