GDXU (Gold Miners 3x Bull ETF) | 1H Chart**
**The Fed held rates flat**, signaling a potential **pause or pivot**, which gave a bullish jolt to gold and miners.
* Lower rate expectations = weaker dollar = stronger gold = **GDXU gets rocket fuel**.
* This macro tailwind is **highly favorable** for leveraged gold miners in the short term.
* Strong rally from the \$65 zone may mark the beginning of a **Wave 3** move after a clean corrective structure.
* Impulse leg looks textbook — higher highs and rising momentum suggest bulls are in control.
* **Demand Zone:** \$65.00–\$67.33 — **key structure support that's held multiple times**, proving itself as a strong accumulation zone throughout July.
* **Supply Zone:** \$80.60–\$81.95 — recent rejection area; heavy volume and selling pressure reside here.
That \$65–67 demand zone? Straight-up Fort Knox. It’s been the bulls' home base all month. Now toss in the Fed holding rates and gold catching a bid — GDXU’s primed like TNT under \$82.”
🎯 **Long Trade Setup:**
* **Entry:** \$67.33
* **Stop Loss:** \$65.49
* **Take Profit 1:** \$80.60
* **Take Profit 2:** \$81.95
* **Risk/Reward:** \~**5.0 R**
*“Markets are driven by perception and momentum, not certainty.” – Stanley Druckenmiller*
#### ⚠️ **Disclaimer:**
This is not financial advice. Chart setups are for educational purposes only. Always do your own research, use stop-losses, and apply sound risk management.
**The Fed held rates flat**, signaling a potential **pause or pivot**, which gave a bullish jolt to gold and miners.
* Lower rate expectations = weaker dollar = stronger gold = **GDXU gets rocket fuel**.
* This macro tailwind is **highly favorable** for leveraged gold miners in the short term.
* Strong rally from the \$65 zone may mark the beginning of a **Wave 3** move after a clean corrective structure.
* Impulse leg looks textbook — higher highs and rising momentum suggest bulls are in control.
* **Demand Zone:** \$65.00–\$67.33 — **key structure support that's held multiple times**, proving itself as a strong accumulation zone throughout July.
* **Supply Zone:** \$80.60–\$81.95 — recent rejection area; heavy volume and selling pressure reside here.
That \$65–67 demand zone? Straight-up Fort Knox. It’s been the bulls' home base all month. Now toss in the Fed holding rates and gold catching a bid — GDXU’s primed like TNT under \$82.”
🎯 **Long Trade Setup:**
* **Entry:** \$67.33
* **Stop Loss:** \$65.49
* **Take Profit 1:** \$80.60
* **Take Profit 2:** \$81.95
* **Risk/Reward:** \~**5.0 R**
*“Markets are driven by perception and momentum, not certainty.” – Stanley Druckenmiller*
#### ⚠️ **Disclaimer:**
This is not financial advice. Chart setups are for educational purposes only. Always do your own research, use stop-losses, and apply sound risk management.
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.
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.