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LuckyDinAZ

Short into FOMC

Short
VanEck Gold Miners ETF (AMEX:GDX)  
LuckyDinAZ Updated   
AMEX:GDX   VanEck Gold Miners ETF
Trend Analysis Chart Patterns Beyond Technical Analysis
2
0
trendanalysis chartpattern beyondta
POTENTIAL drop in gold prices after midterms and FOMC tomorrow based on bullishness in the broader indexes and drop in vix. Short GDX via a long position in DUST stop loss at todays high of 19.66 as bearish momentum needs to be confirmed today to hold position tomorrow.
Comment:
Stop loss set in DUST of 32.68 in case bulls capture the day to lock in gains, may go long if momentum is strong enough
Comment:
Holding position in case this morning was a bull trap
Comment:
Positive momentum has held going long from 19.36 stop at today's low
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