These are the same support and resistance lines shown in a post a few days ago. The green support held nicely and GDX has risen up to test the red resistance area. It spent half the day on Thursday chipping away at the supply of sellers in that area without backing down. Buyers were coming in to equal the demand of the sellers. A clear close above both red lines would be bullish and a new close below them would be bearish. Either way, there is still a lot of supply above and demand below to hold it from going too far without some new push.
Happy trading.
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