by Jordan Roy-Byrne, CMT
The Daily Gold
The precious metals sector may have begun a correction on Wednesday.
The miners (GDX, GDXJ) sold off after reaching significant resistance levels while the metals are trading just below significant resistance levels.
We mentioned these targets in our article last week.
GDXJ has pulled back a bit after testing 7-year resistance while GDX has pulled back after hitting a key pivot point and 50% retracement of the bear market.