GDX FORECAST AND COMMENTARY - VANECK VECTORS ETF - GOLD

GDX in the buy zone below green line. Stoploss below white line. Profits are lines above. The only thing stopping this thing from going up is the price of gold. I'm personally bullish on gold and recently bought some. Gold is trading pretty high and could absolutely go lower, don't think it can't. I have a good friend who has been buying gold for the last 20 years and he's praying for it go lower, haha. In all seriousness though the Maxx Momentum indicator showed a squeeze to the down side, so it could drop past 31. THIS IS NOT FINANCIAL ADVICE. THIS IS COMMENTARY AND RECORD KEEPING ONLY.

Be safe out there.

Trade active:

Chances are you didnt get stopped out of this one. It barely slipped below white line so stoploss should have been far enough below that it didnt get tripped. Hopefully it didnt because GDX looks to test highs. Im still in at 34.60.