VanEck Gold Miners ETF

GDX : DRESSED TO KILL?

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The gold digger found her Sugar Daddy in & around the $21.94 support level which coincides with the bottom trendline from January, 2016 but the 20-week ma & the upper trend line since August, 2016 are keeping the girl from painting the town red. The moving averages are giving our femme fatale a bad reputation but that can turn like Trump's promises.
A bullish descending wedge has been in the works since the New Year's Eve party and anyone holding DUST will regret their birthday should a upside breakout transpire. The bears are licking their chops that she slides below the aforementioned trendline with which she is currently flirting.

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