Cornhub
Short

Near term view on GDX

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
179 9 10
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~
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.
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
allahu snackbar!
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Cornhub austinchan
@austinchan, allahu ultra snackbar!
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Thanks, Corn!
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Cornhub tcp007
@tcp007, you're welcome
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YESSS AGREE
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Cornhub ali_12345
@ali_12345, I finally got it right
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Cornhub thanks for your analysis . As per your time frame when can we expect target of 20ish .
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Cornhub kiran.pinto1
@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
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Cornhub kiran.pinto1
@kiran.pinto1, I guess these couple days? XD
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