vlad.adrian
Long

GDX - Daily entry on weekly long

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
179 4 4
The weekly chart points to a rally, check it out below. This is an entry on that weekly long bias.

After a bearish divergence at an important resistance level , the histogram stopped falling. We had a false breakdown at the 25.75$ support level . The volume during this decline was higher than before, but the reward was minimum. My weekly targets are 31$, followed by 40$. My history on trading gold             is terrible, 4 consecutive losing trades.
What do you think my friend? still in? bullish?
Reply
I really don't know... I would place a stop below this consolidation at 25$ and pray :))
Reply
elcololp vlad.adrian
Hi,do you think now the consolidation is ending? Nice moment to take long position?
Reply
It is worth taking a bet on the bulls right now
Reply
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