Gold Miners ETF Attempts Bullish Engulfing at Key Retracement
After a sharp decline the first four days of the week, the Gold Miners ETF (GDX) quickly firmed on Friday with a bullish engulfing taking shape Friday afternoon (1:18PM). Also note that this pattern formed with a low at the 62% retracement mark. Despite the promise for a bounce, GDX is underperforming bullion over the last few months.

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