🔴 Gold Miners ETF (GDXU) is trading 4.9% down after profit-taking following three advances

GDXU is trading at $123.99 (-4.94%) as investors take profits after three consecutive advances.

• The rally included a 21.25% gain on August 7.
• GDXU provides 3x daily leveraged exposure to gold-miner ETFs, amplifying normal sector reversals.
• Gold and GDX were still higher on August 10, with no clear fresh bearish macro catalyst; the move appears driven by post-rally consolidation and leveraged-product volatility.