GDX long idea long set up here as it hits a multi month support. Would get bullish over 22 with increase in weekly volume $GDX $GDXJ $NUGT $DUST $GLD
GDX trade ideas
GDX not looking so goodGDX broke trendline on a weekly basis with OBV breaking trend as well. Very bad signal for gold.
21.32 is the next support if this does not turn out to be a bear trap next week, and below that opens up 18 level. Overall this thing may not be a triangle at all. So what is it?
Miners ready for lift-off (VPA)Miners have been accumulating for years. Recent volume at lows suggests price might be ready for mark up. Classic accumulation setup in my opinion. Time for miners to lead metals up.
SELL YOUR GOLD TO ME gold looks so bearish
one more push down
every damn trader is fascinating about dollar
wait till dolalr crashes
use options
GDX Gold miners ETF has not broken down into bloodbath like goldReversal possible off lower E into the holiday weekend as the shorts have had their fill smashing gold. Now they will load up and go the other way for several months is my guess. The miners should lead the way as they did not break down like gold did which shows positive strength. IMO>
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Gold miners are on the cusp of breaking out of consolidationA follow up to Sunday's video on Gold, the commodity, GDX looks like it is almost ready to break out of this consolidation. The fundamentals are clear and suggesting you want to look to this sector now!
Hope you guys enjoy, I would love to hear all and any feedback.
Have a great day all!
GDX - Another Challenging ReadNot sure what to make of this chart. The FIB 62 support has held for 15 months at a touch over 21. Not sure what to make of the shorter term support in place for this year but if the overall market keeps moving up the miners may need to come down and test the FIB 62 again.
