Naturally Gold Miners ETF GDX has been in a poor way for the few months but it's reached an interesting inflection point that could represent a buying opportunity. A declining triangle on the 30 minute chart is being made; not too much to get excited about except for the fact that a huge amount of divergence has opened up on the momentum indicator. Declining triangles are bearish but if a break above this resistance line happens the direction of GDX will start to go in the other direction.
long/buy on the RSI(5) with momentum also showing divergence. Stops at $20.20 are advised but in case this a positive move up I don't see why this can be played as a speculative trade.