Yesterday, GDX was trending down into the close, and ended up closing below the 50DMA. In addition, it had broken the uptrend line, and then failed to recover back above it. That was not a setup we felt comfortable holding over night, since Gold trades 24 hours a day, and can cause GDX to open with large gaps from what it closed the previous day. Now that GDX has managed to recover the 50DMA, we … read more Trade Alert