Gold Stocks Are Battling Major Resistance Area

GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs.

Bullion, Gold, Bar, Gold Bar, Currency, Wealth, Finance

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GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental trigger for this move.

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