We focus on the key support levels in Gold, GDX and GDXJ that could come into play this week.
Gold closed last week at $1990. It has support at $1950 and $1900. Also, watch the 50-day, 100-day and 150-day moving averages as they could help mark a secondary low over the next few weeks.
GDX and GDXJ have corrected 8% and 10% respectively. They could have another 5%-7% downside to strong short-term support targets.