A quick look at daily chart parameters for GDX and GDXJ.
GDX has dropped to the SMA 50, which is a support level. The chart is intact as long as it holds above the previous low of 22.04. A daily close below that level would likely break the bounce.
GDXJ is in similar position. It needs to hold 32.27 to remain intact to the daily chart trend.
If I were fundamentally engaged, I’d think “no problem”. But that is not the case so gold bugs should keep an eye on these levels to gauge whether the bounce will continue or abort.
