CleverFoxFI

GDX Testing Support

Long
AMEX:GDX   VanEck Gold Miners ETF
2
The risk reward looks good here. GDX had a good run the past few weeks and is now taking a little breather to back test its 20.40ish support line. I'm buying here with a stop if it breaks below 20. Target is 27. Risk $1 to make $6.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.