VanEck Gold Miners ETF
Updated

GDX: still bullish but may get a short term pullback

180
We did get a rally in the minors after the at the .62 pullback level (labeled (2)or (B)). I took some profits yesterday as I think there may be a short term pullback before the next advance. I am still longer term bullish. We'll see.
Note
May hit the target area in the next couple of days. If we do and GDX turns up and breaks the short down trend line I will go long with the stop at the nearest low ("2").
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.