Gold Miners (GDX) Chart analysis

• GDX Gets a bounce from its 200 DMA.
• Weekly chart shows a spinning Top candle at the bottom of the trend which can give an up move for price.
• Main resistances for GDX is its 50 day moving average. 
• 50% retrace level in weekly chart is also near the 50 day moving average So this level will be tough to break.
• Last chart shows weekly chart with 20 week moving average. A weekly close above this moving avera will favour the bulls. Getting resisted below 20 week moving average will attract selling.
• CISCO TRYING TO CLOSE THE GAP