GDX short term longAgain this pattern showed up. B/O and then back off the trend line but supported this time by the horizontal line. If not breaking down below, should have another wave up to 35.5 ish.
Good R/R imo.
GDX trade ideas
I'm Bullish On Gold Mining StocksIt's an extremely simple chart, but It does imply a pretty good RRR trading opportunity.
These prices were last seen in 2013, so this is quite a significant break of resistance.
GDX Showing strengthWatch for move above box to go long. Price falls below box not trade.
Targets are dotted lines above box.
GDX failed b/o this morningSold all weekly ones but still have 40% monthly on the table. May add here in a next one or two hours.
IS GDX showing showing top .. sell target 31 to 32 stop loss 35IS GDX showing showing top .. sell target 31 to 32 stop loss 35... I can clearly see a top... May be time ripe for major fall.. I would love to be wrong.. hence strict stop loss ..But charts indicating first target of 32...
Please plan to keep 1% stop loss to save you against any surprises..
$GDX Gold Miners Bull Flag
Caution entering the market
50ma strong support
bull flag break imminent
MACD reversal
Histogram Ticking higher
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GDX - nice break out6/10/20
1 hour chart
Nice break out - Proving everything is on track, I will be looking to close around $41
A little rebound for the Gold Miners perhaps?Long term I'm definitely a gold bug but I have warned repeatedly about near term risk (which I don't think has completely resolved if I'm honest). The market is euphoric but channels are now becoming apparent and lines are being drawn. It's very possible we have a small bounce in miners with the upper channel limits identified as well as some other possible diagonal resistances. Be careful, but a strong opening Monday could mean a quick trade for some easy money can be made.
BUY GDX at $30-31GDX is in correction following H&S pattern. Support is around $31. Expect a fake breakout to the downside. Wait for RSI to reach new lows and MACD indicator to cross to enter new positions.
Potential bottom @ $31-32 before continuation of bullish trendIf move resembles earlier setup in bull trend, expect near term bottom around $31-32.
GDX short as shown in the chart we have h&s pattern, tomorrow if break the Nike line we see a big drop in the gold.
enjoy
Gold miners measured move price target achieved!Gold miners measured move price target achieved! Short position with risk defined accordingly.
Great time to get back on the gold mine trainJump in because it crossed the 20 today. With any luck it will ride the 9 and the 9 will continue to pull away from the 20.
Buying GDX calls in May.If price returns to March's high, then I'll begin looking to purchase call options as close to 29.50 or 30.00 strikes as possible. These calls with have an expiration of June 1.
