Cornhub
Short

Near term view on GDX

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
167 9 5
a month ago
The previous GDX             idea i had is still 60% working except the election really boosted the gold             price. But a huge pump n dump happened, and gold             didn't break previous high.

So far on 4H looks like gdx             is gonna heading up for the next couple days, but it didn't break previous high as well. Trump got elected but Yellen is still in charge until January, rate hike in Dec is still in sight.

I'm looking for a better bear entry on gold             or gdx             , ultimate target is gdx             around $20ish, which can be a finish of AB=CD .

Thx in advance~
a month ago
Comment: Oh Gee~gold went up during the Asian session then come back down during Comex. Yesterday's daily candle looks scary AF, and I couldn't even find a similar one in the past, what a Allahu Snackbar.
a month ago
Trade closed: target reached: I profited out, bought in JDST on average at 29.3 sold 37.5...All-in-ed..Allahu Ultimate Ultra Snack-potato-bar

I'll leave the chart here, it may hit $20 on gdx, gold didn't show any retrace as I expected. 1220 or lower is on sight now, but my suggestion is do not short on the Low.

Good Luck
kiran.pinto1
a month ago
Cornhub thanks for your analysis . As per your time frame when can we expect target of 20ish .
Reply
Cornhub kiran.pinto1
a month ago
@kiran.pinto1, srry, i'm really bad at timeframes, i can't give u or guarantee u anything. I'll start loading JDST today at a lower price entry
Reply
Cornhub kiran.pinto1
a month ago
@kiran.pinto1, I guess these couple days? XD
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ali_12345
a month ago
YESSS AGREE
Reply
Cornhub ali_12345
a month ago
@ali_12345, I finally got it right
Reply
tcp007
a month ago
Thanks, Corn!
Reply
Cornhub tcp007
a month ago
@tcp007, you're welcome
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allahu snackbar!
Reply
Cornhub austinchan
a month ago
@austinchan, allahu ultra snackbar!
Reply
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