Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

GDX extremely weak. Can't stay more than a few days above the 9-day MA and then it drops again.

GDX support at 18.15. Resistance at the 9-day, currently 18.90.

$GOLD chart in worse shape, technically. Yes, MACD displayed a positive crossover but remains deep in negative territory and CCI struggling to stay above the zero line. Money flow is the real giveaway though. Turning down sharply.

$GOLD support levels at 1203 and 1195 and then 1180. Stiff resistance at 1212 and now resistance forming at 1206.

Of course the technicals on the DUST chart are all turning up once again. Bounced off the middle Bollinger Band on Tuesday and now back up above the 9-day MA. Next resistance at 40.